Recently Asia Plantation Capital Holdings in Bangkok completed a corporate restructure and issue of 200 Million ($6.4million) THB in share capital; this has been fully subscribed by APC in Singapore and local Thai shareholders and board of directors.
Online PR News – 31-May-2012 – Bangkok, Thailand – The funds will allow the company to expand further within the Kingdom and to commence development of a state of the art Agarwood (oud) and essential oils processing factory and Thailand's 1st IFRA (International Fragrance Association) standard perfumery, which will become the supply hub for the companies expanding chain of perfume shops and private perfumeries in the Middle East and Europe as well as wholesale clients globally.
Also the board approved the appointment of Siam Premier to obtain a Board of Investment Approval for the company's plantations and factories in the Kingdom of Thailand, which will become a major part of the companies rapidly increasing global plantation assets valued presently at over $250 million USD.
Shaima Matar, oud oil sales director for the group based in Dubai stated:-
"The importance of APC reinvesting in the sustainable supply chain and utilising the latest extraction technologies for sustainable oud oil production is a key to the success of retailing oud and other essential oils, as the quality generally available in the market from traditional small scale distillation methods is not at a standard accepted by International fragrance companies, as well as discerning Arabic buyers who only look for the finest quality pure oud oils and recognise that wild tree sourced oils and woodchips are now almost becoming unavailable in the market as well as being illegal."
The group is also developing hardwood and bamboo flooring factories in the USA and Thailand as part of its drive to become one of the region's largest fully integrated 'soil to end user' markets supply companies, operating and controlling all levels of the supply chain ensuring maximum value for its stakeholders and shareholders, as well as guaranteeing its commitment to deliver only sustainably sourced products to end consumer markets.
Asia Plantation Capital is an owner and operator of a diverse range of commercial plantation and farming businesses across the Asia-Pacific region and globally as part of the Plantation Capital Group of associated companies.
Asia Plantation Capital's main focus is on multicultural and diverse plantation projects geared to the domestic and commercial demands of the countries in which they operate.
Asia Plantation Capital work closely with local communities as an underlying core principle of their business, providing social and cultural support as well as investment. This enables these communities to move away from traditional deforestation and illegal logging activities as a main income source.