Shares in Anglo-eastern Plantations (LON:ANEA) have performed strongly against the market in recent weeks. On a 3-month relative price strength basis, the price is up by 12.1%. Its...
Anglo-Eastern Plantations Plc is a United Kingdom-based producer of palm oil and rubber with plantations across Indonesia and Malaysia. The Company has developed over 62,600 hectares of mature oil palm at approximately 16 plantations across Indonesia, together with one plantation in Malaysia. The Company operates approximately six palm oil mills in Indonesia processing up to a combined 310 metric ton (mt) of fresh fruit bunches (FFB) per hour. It has purchased approximately 1.14 million mt of FFB from third party producers, comprising small plantations and local farmers, for processing through its mills. Its rubber plantations produced approximately 425 mt of raw latex and rubber lumps. Its four mills are equipped with biogas plants to capture the methane gas emission to generate electricity. It operates a planted area of approximately 75,204 hectares, which includes North Sumatera, Bengkulu, Riau, Bangka, South Sumatera, Kalimantan, Plasma Scheme and Malaysia.