Founded in 1906 as the Rubber Estate Agency Limited, R.E.A. Holdings Plc is a UK-based group engaged in the cultivation of oil palms in the Indonesian province of East Kalimantan and in the manufacturing and sale of crude palm oil (CPO) and crude palm kernel oil (CPKO). Its subsidiary, PT REA Kaltim Plantations (REA Kaltim) manages oil palm plantations in Belayan Ulu. The company has two methane capture facilities that generate electricity for its operations and also supply to the nearby villages through Indonesian State Electricity Company, Perusahaan Listrik Negara (PLN). Around 20,000 hectares of its titled land bank are designated as conservation reserves. The company’s shares are admitted to the official list and are trading on the main market segment of the London Stock Exchange as LON: RE.
The company aims to operate and expand its existing businesses and to foster social and economic progress I the localities of its activities to provide attractive overall returns to investors in the shares and other securities. The palm oil market accounts for more than 80% of the total market for edible oils and fats and it has many applications. The company operates through two segments that include Plantation and Stone & Coal Interests.
The company holds 75,000 hectares agriculture land in East Kalimantan of which 64,000 hectares are fully titled. The oil palms are planted in 36,000 hectares of which 35,000 hectares are mature and total land allocated for infrastructure developments include 4,000 hectares.
Between 2008 and 2010, the company started investing in Stone and coal interests in East Kalimantan, it has made loans to various Indonesian companies, which are wholly owned by the company’s local partners, with interest in stone deposits and 2 coal mining concessions. However, the company is looking forward to recover its loans to the coal concession holding companies and withdraw from its coal interest.
R.E.A. HOLDINGS PLC First Fl, 32-36 Great Portland Street W1W 8QX United Kingdom