In the news release, "Asia Plantation Capital Reports US$59m in Turnover", issued Sept. 17, 2014 by Asia Plantation Capital over PRNewswire, we are advised by the company that the headline has been changed to "Asia Plantation Capital Reports US$53.5 Million Turnover for 2013", while the first, second and the fifth paragraphs have also been updated. The complete, corrected release follows:
SINGAPORE, Sept. 18, 2014 /PRNewswire/ -- Asia Plantation Capital announced a significant rise in turnover across the group since 2012 for its financial year of 2013. Achieving a new revenue peak of US$53.5 million, the company attributes this to a corporate strategy of ensuring all plantations projects it invests in and undertakes will deliver high value end market products.
Another company record figure of passing the US$6 million milestone in repayments was made to stakeholders on the company's various agroforestry plantation projects last year. This figure is projected to continue rising over the coming years with more of its plantation species reaching maturity. Also achieved during the year, are the continued harvesting and production of Oud (Agarwood Oil) and associated Oud products from the company's managed, Agarwood plantations. During 2013 and to date (August 2014), the company has been achieving its yield targets for its trees, with consistent yields and produced over 15,000 Tola (12ml) successfully produced during the period, creating a further milestone for the company.
Asia Plantation Capital's bamboo plantations' harvests have been continuing since early 2013, producing consistent yields of edible shoots and with future diversification into bamboo based biomass and flooring planned. Across the other plantation and agroforestry species that the company is involved with, growth and development has been steady. Asia Plantation Capital's plantations in Thailand and Sri Lanka have fared well, despite some extreme weather conditions across the region, during 2013.
Asia Plantation Capital continues to aggressively invest in its plantations, implementing the latest processing and production systems technologies. The company leverages leading engineering specialists and researchers in Thailand to advise on improvements across all sectors of the company's plantation operations; continuing its policy of working with various Universities on key research projects related to its activities.
"Asia Plantation Capital continues to deliver outstanding results for our clients and partners. Despite many challenging factors within the sector, we have consistently continued to grow and strengthen our position in the market. Our philosophy of constantly investing in our plantations projects through the introduction of the latest proven techniques and technology, together with strong operational management, has reaped substantial rewards over the years," said Mr. Barry Rawlinson, Chief Executive Officer, Asia Plantation Capital. "As we find new opportunities and markets, we will ensure that what we plant is sustainable, produces end products that are of high value and contributes to the community," added Mr. Rawlinson.
Agarwood trees in various stages of growth from Asia Plantation Capital plantations
Notes to Editors:
About Asia Plantation Capital
Asia Plantation Capital is an owner and operator of a diverse range of commercial plantation and farming businesses across the Asia-Pacific region, and globally, part of the Asia Plantation Capital Group of associated companies. Their focus is on multicultural and diverse plantation projects geared to the domestic and commercial demands of the countries in which they operate. Working closely with and supporting local communities is an underlying core principle of the APC business, providing social and cultural support, as well as investment, to move these communities away from deforestation and illegal logging activities, previously seen as a main source of income in some regions of Asia. Established officially in 2008, although operating privately since 2002, the group now has plantation and agricultural projects on four continents with operational projects at various stages in Thailand, Malaysia, China, Laos, India, Cambodia, Sri Lanka, Mozambique, The Gambia, North America and Europe.
Promoting the use of certified wood is the best way of preventing deforestation, protecting biodiversity and combatting poverty in the tropical rainforest regions. For the yachting sector, which strives for excellence and which is already involved in environmental efforts, this is also a way of ensuring that no wood from illegal logging is used.
Contact:
Asia Plantation Capital Pte. Ltd.
Tel: +65-6222-3386
Fax: +65-6221-2197
Email: pr@asiaplantationcapital.com
Photo - http://photos.prnasia.com/prnh/20140917/8521405344-a
Photo - http://photos.prnasia.com/prnh/20140917/8521405344-b
Photo - http://photos.prnasia.com/prnh/20140917/8521405344-c
