Golden Hope Plantations.
Malaysia's Golden Hope Plantations is reworking its mix of trees planted on the 116,000 hectares of plantation land in an effort to lessen its dependence on rubber. International Rubber Digest said in a report that Golden Hope will increase the share of palm oil while reducing rubber and cocoa output, resulting in a mix of 70:25:5 of palm oil:rubber:cocoa on the plantation. The current mix is 55:30:15. To further diversify its output, the company also is developing business in rubber wood, the report said. Areas to be explored and supplied are the furniture industry and flooring market. About RM160 million ($60.8 million) has been allocated to develop this sector.