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 ilegal”.
The group are 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.
Issued by Asia Plantation Capital Holdings Ltd.
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