FORGING AHEAD - Tradewinds Plantation Berhad

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PERFORMANCE REVIEW
CHAIRMAN’S
STATEMENT
CORPORATE DEVELOPMENTS
As reported last year, Prisma Spektra
Sdn. Bhd., a wholly-owned subsidiary
of TPB, entered into a conditional Share
Sale Agreement with Semi Bayu Sdn.
Bhd. on 30 October 2009 to purchase
the entire issued and paid-up ordinary
share capital of MARDEC Berhad
(“Mardec”). Mardec is an investment
holding company and through its local
and overseas subsidiaries and
associates, is involved in the processing
and trading of natural rubber and the
manufacturing of value-added rubber
and polymer products.
The proposed acquisition of Mardec is
conditional upon the fulfilment of various
conditions of which we are awaiting
for the approval of the respective
authorities.
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
A BLUE-PRINT FOR SUCCESS
We have set our sights on being the
‘preferred globally competitive
integrated agri-business organisation
that delivers outstanding value to all’, a
goal that is enshrined in our Group’s
Corporate Vision. Our journey towards
achieving this lofty goal began by
taking a holistic and comprehensive
view of our standing in the industry. By
critically evaluating our strengths and
weaknesses, a blue-print for success
was carefully crafted, which among
others, identified strategic growth areas
as well as the means and a time-frame
to achieve specific corporate goals and
objectives.
The Group’s road-map to success rests
on the following major strategies:
• Organic growth
• Strategic acquisitions
• Diversification and broadening the
revenue base in the plantationrelated
industries
• Leveraging on our human capital
One of the Group’s greatest strengths
lies in its sizeable landbank of 141,465
hectares. Of this total, some 67.3% have
been planted with oil palms and rubber
trees and another 8.6% are under
development. The remaining 24,491
hectares of plantable reserves will be
gradually developed to support organic
growth for the next four years or so.