Pinehill Pacific Berhad (PinePac) was first established in 1917. In 1973, it was listed on the Kuala Lumpur Stock Exchange as Benta Plantations Berhad. PinePac is an Investment Holding Company, focused on the development of natural resources and other viable commercial activities, which include venturing into oil palm plantations in Malaysia and Indonesia.
Pinepac total oil palm plantation area in Malaysia stands at approximately 3,723 hectares. The local oil palm estate lands together with a mill, was disposed to United Plantations Bhd in September 2019. Todate, Pinepac core assets remained with a total 20,665 hectares of land for planting of oil palm in District of Sintang, West Kalimantan, Indonesia. As at current, a total of 8,000 hectares is planted.
Our current long term strategy as an investment holding company is to diversify into other business activities that meet long term growth objective with superior returns to shareholders. We aim to meet our mission to support long term strategies to enhance the communities in which we work. We have always implemented the best agrarian practices and invested in new technologies to optimize capabilities. We are fully committed to fair dealings in all our activities and have adopted responsive practice of corporate governance for all stakeholders involved.
In the spirit of exceeding our stakeholder’s expectations, the company continues to adopt the best practices to create wealth, opportunities and to be fully competitive in the industry to ensure betterment as we progress into the future. PinePac maintains close relationships with all stakeholders to identify appropriate investment opportunities to evolve and diversify.