- CEO
- Ciliandra Fangiono
- Full Time Employees
- 8,066
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- No. 36-02, Suntec Tower Three Singapore CE Singapore 038988
- IPO Date
- Dec 10, 2007
- Business
- First Resources Limited (SGX: EB5), established in 1992 and headquartered in Singapore, is one of the leading palm oil producers in the region, managing over 200,000 hectares of oil palm plantations across the Riau, East Kalimantan and West Kalimantan provinces of Indonesia. The company engages in the cultivation and maintenance of oil palm plantations; harvesting of fresh fruit bunches (FFB); milling of FFB into crude palm oil (CPO) and palm kernel (PK); and downstream processing of CPO and PK into higher-value products including biodiesel, refined bleached and deodorized (RBD) olein, RBD stearin, palm kernel oil and palm kernel expeller through its refinery, fractionation, biodiesel and kernel crushing plants. Its products serve local and international markets in Singapore, Indonesia, Europe, China, Malaysia and other regions; additional activities encompass oil palm seed breeding, palm oil refining, palm kernel crushing, aircraft ownership and management, and rubber plantations. In March 2025, a majority-owned subsidiary entered into a conditional shares purchase agreement to acquire a 91.2% stake in PT Austindo Nusantara Jaya Tbk for US$329.8 million, with completion on May 6, 2025 via novation and a subsequent mandatory tender offer launched in August 2025 for the remaining 6.2% stake at 1,813 rupiah per share; this acquisition expands planted hectarage by approximately 25%, boosts projected CPO output to 1.25 million tonnes annually and enhances feedstock supply for 1.35 million tonnes of refining capacity. In August 2025, the company announced the disposal of subsidiaries engaged in oil palm plantations in West Papua Province, Indonesia, alongside internal share transfers consolidating control in PT Ciliandra Perkasa and share buy-back activities. First Resources maintains a commitment to sustainable palm oil production, aligning operations with industry standards to minimize environmental and social impacts.