- Business
- Innoprise Plantations Berhad (INNO.KL), an investment holding company listed on Bursa Malaysia, principally cultivates oil palm and plantation trees; processes fresh fruit bunches into crude palm oil and palm kernel; and generates and supplies electricity from a biomass plant in Sabah, Malaysia. The company operates six estates—Imbak, Gunung Rara, Labau, Maliau, Lokan and Luasong—covering 22,763 hectares, of which 12,246 hectares are fully planted with mature oil palm totaling 12,246 hectares as of 2024; it also manages 3,389 hectares of industrial tree plantations with Laran trees and runs a 60/90 MT per hour palm oil mill; subsidiaries include Serijaya Industri Sdn Bhd for plantation and milling operations and IPB Bio Energy Sdn Bhd for renewable energy production. Innoprise Plantations Berhad, founded in 1993 and headquartered at 6th Floor, Menara Tun Mustapha, Likas Bay, Kota Kinabalu, Sabah, serves domestic markets through sales of crude palm oil, palm kernel, fresh fruit bunches, empty fruit bunches, fibre, shell and seedlings, while maintaining Malaysian Sustainable Palm Oil certification and focusing on sustainability initiatives like mechanization, pest management and riparian protection. A subsidiary of Innoprise Corporation Sdn Bhd, the company engages in recurrent related party transactions for fresh fruit bunches, crude palm oil, palm kernels and seedlings with entities connected to major shareholders Innoprise Corporation Sdn Bhd and TSH Resources Berhad, including ongoing shareholder mandates renewed annually as of May 2024; it sustains high yields amid challenges like labor shortages and weather through fleet upgrades, housing expansions and infilling investments, declares consistent dividends such as a second interim single-tier payout for FY2025 payable September 2025, and pursues industrial tree planting expansion for climate mitigation and revenue diversification.