Sime Darby

Only available on StudyMode
  • Topic: Palm oil, Sime Darby, Oil palm
  • Pages : 14 (3757 words )
  • Download(s) : 466
  • Published : April 21, 2013
Open Document
Text Preview
COMPANY BACKGROUND

Sime Darby Berhad is a multinational company which was established in 1910; a British businessman William Sime and Henry Darby established Sime, Darby & Co. and is based in Malaysia. Sime Darby is also involved in key growth sector of the national economy, plantations, property, motors, energy & utilities and healthcare. Business activities include oil palm and the company's original business, the manufacture of rubber tires, heavy equipment and motor vehicle distribution, property development, power generation, and engineering services. Other operations include the manufacture of paints, cooling tourism product manufacturing, and tourism services, hospitals, and golf courses. Sime Darby is listed on Bursa Malaysia Securities Berhad on the main board. The company is the largest in Southeast Asia and the largest multinational companies in Malaysia. They operate in more than 20 countries and have around 100,000 employees worldwide.

William Middleton Sime, a traveler from Scotland. In his efforts to be successful, he has to face two times a failure in the import-export business and other coffee farm when he left his job as a mercantile assistant in Singapore. Henry Darby was a wealthy 50-year-old English banker who owned property in Northern Malaya.

The organization is well known in the field of global business and is also experienced in the field of business. They have a wide range of industries such as Kumpulan Guthrie Berhad and Golden Hope Plantations Berhad for combined and created as a new organization with the mission and vision and new goals.

VISION

To be a leading multinational corporation delivering sustainable value to all stakeholders.

MISSION

1. We are committed to developing a winning portfolio of sustainable businesses; 2. We subscribe to good corporate governance and high ethical values; 3. We continuously strive to deliver superior financial returns through operational excellence and high performance standards; and 4. We provide an environment for our people to realize their full potential.

CORE AND RELATED BUSINESS

Sime Darby is a key player in the Malaysian economy as well as a diversified multinational involved in key growth sectors, namely, plantations, property, motors, industrial equipment, energy & utilities and healthcare with operations in more than 20 countries.

1. Sime Darby Plantation

Sime Darby Plantation is the largest oil palm plantation in the world to produce about 2.4 million tons or 6% of the production of crude palm oil (CPO) is the world every year, making the Sime Darby Plantation as sustainable producers of edible oils in the world.

Sime Darby has two operations, namely:

I. Upstream operations

Sime Darby Plantation has an area of 682.616 hectares in Malaysia and Indonesia, with the rest of the oil palm planted area of 519.620 hectares. It has a total of 200 fields and 64 oil mills in the two countries.

Outside Asia, starting from January 2010 has expanded its upstream operations to Liberia in Africa. Overall, Sime Darby Plantation has 200,000 hectares in Liberia, where 1.190 hectares have been planted with oil palm until 31 January 2012.

As a key player in keeping the industry, Sime Darby plantation division using best practices. 329.225 of this part have been planting trees for rare and endangered in the next three years, as part of its commitment towards ensuring a more reserved nature. Trees are grown mainly in the area of the holding company, while partially buried along with other companies.

II. Downstream Operations

Sime Darby Plantation downstream operations operate in 15 countries, covering the production and distribution of oil and fat products for biodiesels, oleochemicals, and nutraceuticals. It is divided into two segments namely based food and non-food segments carried by eight refineries located in :

* Malaysia (Sime Darby Jomalina Sdn Bhd, Sime Darby Kempas...
tracking img