Hap Seng Plantations
Hap Seng Plantations Holdings Berhad is a Malaysian upstream palm oil producer (Bursa Malaysia: 5138) that cultivates oil palm on Sabah estates and operates four wholly-owned mills producing Crude Palm Oil and Palm Kernel for refineries and EU bioenergy buyers.
- Company typePublic
- Founded2007
- HeadquartersKuala Lumpur, Malaysia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Hap Seng Plantations does
Hap Seng Plantations Holdings Berhad is a Malaysian upstream palm oil producer incorporated in 2007 (registered as 200701011957/769962-K) and listed on Bursa Malaysia under stock code 5138, with Hap Seng Consolidated Berhad as its controlling shareholder at 69.53% (556,008,000 shares). The company's core business comprises two segments: oil palm cultivation on company-owned estates in Sabah and milling operations through four wholly-owned palm oil mills — Bukit Mas Palm Oil Mill, Tomanggong Palm Oil Mill, Jeroco Palm Oil Mill 1, and Jeroco Palm Oil Mill 2 — which process Fresh Fruit Bunches (FFB) into Crude Palm Oil (CPO) and Palm Kernel (PK). Operating subsidiaries include Hap Seng Plantations (Kota Marudu) Sdn Bhd and Hap Seng Plantations (Ladang Kawa) Sdn Bhd.
The company monetizes output through B2B commodity sales of CPO and PK to palm oil refineries and bioenergy producers, with pricing not publicly disclosed. Its commercial positioning rests on a dense stack of sustainability and safety certifications: RSPO (all mills, January 2015), MSPO (100% coverage, February 2018), ISCC EU (covering EU Renewable Energy Directive and Fuel Quality Directive compliance from 2015–2016), HACCP, MeSTI, HALAL, INS (Italian biofuels), and ISO 45001:2018 (all mills, March 2025). This certification matrix enables access to the EU bio-energy market and downstream food, oleochemical, and biofuels buyers that screen on traceability and sustainability credentials. Operational technology includes fire-hotspot and deforestation monitoring, a biogas facility at Bukit Mas for POME management, rainwater harvesting, drone-based pest and disease management using the POLA-V15S, and a dedicated supply-chain traceability taskforce. The company distributes through direct sales to industrial buyers globally (CPO/PK to refineries and EU bioenergy) and via the domestic MSPO certified supply chain.
The investor profile features a 2.05% foreign shareholding as of March 2026, an issued share capital of 800 million ordinary shares (with 314,800 treasury shares), corporate governance infrastructure including an Anti-Bribery and Corruption Policy and Whistleblowing Policy, and ongoing annual and sustainability reporting from 2008 through 2025. Marketing reach is concentrated in investor-relations channels: corporate website, Bursa Malaysia announcements, annual and sustainability reports, and financial media coverage. No revenue, headcount, or production-volume figures were disclosed in the available input.
Hap Seng Plantations firmographics
Firmographics- Name
- Hap Seng Plantations
- Legal name
- Hap Seng Plantations Holdings Berhad
- Website
- https://hapsengplantations.com.my
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Hap Seng Plantations Holdings Berhad is a Malaysian upstream palm oil producer (Bursa Malaysia: 5138) that cultivates oil palm on Sabah estates and operates four wholly-owned mills producing Crude Palm Oil and Palm Kernel for refineries and EU bioenergy buyers.
- Ownership category
- akta.pro rank
Hap Seng Plantations industry classification
Industry- Product category
- Palm Oil Production
- NAICS
- Starch and Vegetable Fats and Oils Manufacturing (31122), Fats and Oils Refining and Blending (311225), Oilseed (except Soybean) Farming (11112)
- SIC
- Fats & Oils (2070), Agricultural Production-Crops (100)
- akta.pro primary industry
- Palm Oil Milling, Refining & Fractionation (AFAKAEAB)
- akta.pro secondary industries
- Industrial Oil & Wax Crop Farming (Castor, Jojoba, Oil Palm for industrial uses) (AFAGAGAL), Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD)
Keywords
Where Hap Seng Plantations is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
Hap Seng Plantations business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure
Distribution channels3 records
Marketing channels4 records
Hap Seng Plantations product offering
Product offeringCore offering
Hap Seng Plantations produces Crude Palm Oil (CPO) and Palm Kernel (PK) through oil palm cultivation across company-owned estates and milling operations at four palm oil mills in Sabah, Malaysia. The company supplies sustainably certified palm oil to downstream refineries and bioenergy producers.
Product overview
Hap Seng Plantations Holdings Berhad operates as a palm oil producer with two core business segments: oil palm plantations (planting operations) and palm oil milling operations. The company manages four palm oil mills (Bukit Mas Palm Oil Mill, Tomanggong Palm Oil Mill, Jeroco Palm Oil Mill 1, and Jeroco Palm Oil Mill 2) that process Fresh Fruit Bunches (FFB) from company-owned estates into Crude Palm Oil (CPO) and Palm Kernel (PK). The company is a subsidiary of Hap Seng Consolidated Berhad and focuses on sustainable palm oil production with RSPO and MSPO certifications.
Differentiator
Problem solved
Functional benefit
Products and services
- Crude Palm Oil (CPO)
Companies that use Hap Seng Plantations
Customer profileSegments3 records
Ideal customer profiles1 record
Hap Seng Plantations technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Hap Seng Plantations partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights5 records
Hap Seng Plantations competitors and assessment
Company assessmentDirect peers
- Sime Darby Plantation: The largest integrated palm oil plantation company in Malaysia with estates and mills across Malaysia, Indonesia, and other geographies. Directly comparable to Hap Seng Plantations on core upstream plantation-to-mill operations and downstream CPO/PK product mix, but operating at much larger scale.
- Kuala Lumpur Kepong (KLK): Malaysian diversified plantation group with large oil palm estates primarily in Indonesia and Malaysia and downstream oleochemical manufacturing. Closely matches Hap Seng Plantations on upstream plantation/milling business model and CPO exposure.
- Genting Plantations: Malaysian palm oil planter and miller listed on Bursa Malaysia, with estates in Malaysia and Indonesia. Closely comparable to Hap Seng Plantations on integrated upstream-to-mill operations, RSPO commitment, and Sabah/regional footprint.
- United Plantations: Malaysian-listed premium oil palm planter focused on high-yield sustainable estates and mills in Malaysia and Indonesia. Comparable to Hap Seng Plantations as a Bursa Malaysia-listed pure-play upstream-to-mill CPO producer with strong ESG positioning.
- IOI Corporation: Malaysian-listed integrated palm oil player with significant plantation acreage and refining operations, including downstream oleochemicals. Direct comparable to Hap Seng Plantations on upstream oil palm cultivation and CPO milling, with broader downstream integration.
- Sarawak Oil Palms: Bursa Malaysia-listed mid-cap palm oil planter and miller based in Sarawak, Malaysia, producing CPO and PK. Closely comparable to Hap Seng Plantations on Malaysian-focused upstream plantation-to-mill operations and CPO/PK product mix.
- FGV Holdings (Felda Global Ventures): Malaysia's largest CPO producer with an integrated upstream-downstream business spanning plantations, milling, and downstream. Comparable to Hap Seng Plantations on core CPO/PK production, RSPO/MSPO certification programmes, and Bursa Malaysia listing.
- Boustead Plantations: Malaysian-listed oil palm planter with estates and mills across Peninsular Malaysia, Sabah, and Sarawak. Directly comparable to Hap Seng Plantations on upstream integrated plantation and milling operations and Bumiputera/Malaysian ownership dynamics.
- IJM Plantations: Bursa Malaysia-listed mid-cap palm oil planter with oil palm estates and mills in Sabah/Sarawak and Indonesia. Closely matches Hap Seng Plantations on Sabah-focused operations, four-mill-type footprint, and CPO/PK product mix.
Broad incumbents
- Wilmar International: Asia's largest agribusiness group with extensive upstream palm oil plantations and the world's largest palm oil refining capacity. Relevant as a broad incumbent that competes with Hap Seng Plantations for downstream CPO/PK buyers and benchmarks global CPO pricing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Hap Seng Plantations compliance and trust
Trust signalCompliance8 records
Hap Seng Plantations financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hap Seng Plantations leadership team
Management profileNumber of profiles
Profiles1 record
Hap Seng Plantations subsidiaries and ownership
Company hierarchySubsidiaries6 records
Hap Seng Plantations funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hap Seng Plantations M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hap Seng Plantations
What does Hap Seng Plantations do?
Hap Seng Plantations produces Crude Palm Oil (CPO) and Palm Kernel (PK) through oil palm cultivation across company-owned estates and milling operations at four palm oil mills in Sabah, Malaysia. The company supplies sustainably certified palm oil to downstream refineries and bioenergy producers.
Is Hap Seng Plantations a public or private company?
Hap Seng Plantations is a public company. It is classified as public and is currently operating.
When was Hap Seng Plantations founded?
Hap Seng Plantations was founded in 2007. It employs 5,001 to 10,000 people.
Where is Hap Seng Plantations based?
Hap Seng Plantations is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
Who are Hap Seng Plantations's main competitors?
Direct peers on record are Sime Darby Plantation, Kuala Lumpur Kepong (KLK), Genting Plantations, United Plantations, IOI Corporation, Sarawak Oil Palms, FGV Holdings (Felda Global Ventures), Boustead Plantations and IJM Plantations. Wilmar International is listed as a broad incumbent.
Does Hap Seng Plantations have an API?
No public API is recorded for Hap Seng Plantations.
What industry is Hap Seng Plantations in?
Hap Seng Plantations's product category is Palm Oil Production. Its primary akta.pro industry code is AFAKAEAB, Palm Oil Milling, Refining & Fractionation, with a secondary code of AFAGAGAL, Industrial Oil & Wax Crop Farming (Castor, Jojoba, Oil Palm for industrial uses). Its NAICS code is 31122 and its SIC code is 2070.