Oct 8, 2010

BW Plantation 3Q output up 3.32%

CPO producer PT BW Plantation Tbk (BWPT) reported a 3.32% increase (YoY) in fresh fruit bunch (FFB) production as of September 30 this year.
Kelik Irwantono, BW Plantation's Corporate Secretary, said the company produced 270,563 tons FFB at the end of 3Q 2010 from 261,881 tons FFB at the end of 3Q 2009.
"For the full year, we set FFB output target of 380,000 tons. We believe the company can afford it," he said.
September's FFB output was 71.20% of the full year's target. It means BW Plantation needs to produce 109,437 tons FFB in the last quarter of this year.
Based on a research report published by CIMB Securities, BWPT currently manages 46,048 hectares of planted land and 95.182 hectares of land bank.
The company has planted 5,000 ha Ytd. It is on the track to plant 10,000 hectares this year and if everything goes according the plan, BW should exhaust its land bank by 2015.

Disclosure: No position at the stock mentioned above.  

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