HARGY OIL PALMS LIMITED

About Hargy Oil Palms Ltd

about_us_01.jpg - 11480 Bytes

History

The company derives its name from Fred Hargesheimer an American pilot who was shot down in World War II and rescued by local people in 1943 www.vipclubmn.org/Documents/Fred_Hargesheimer.pdf . Fred later returned and established the Airmens Memorial Foundation which has built schools at Ewasse and Noau. Hargy Oil Palms Ltd continues to assist the foundation in its work.

SA Sipef NV www.sipef.be has owned 100% of Hargy Oil Palms Ltd since 2004. Sipef was established in Antwerp Belgium in 1919 and has plantation interests in West Africa (oil palm), Indonesia (oil palm, rubber and tea) and Papua New Guinea (oil palm and rubber). Sipef is listed on the European Stock Exchange in Brussels.

Hargy Oil Palms Ltd was established as a result of a decision by the then colonial administration to diversify the country’s agricultural export base by introducing oil palm. The land along the north coast of West New Britain was recognised as having a high potential for oil palm with fertile volcanic ash soils and high rainfall. The project is a nucleus estate project with smallholders providing up to 50% of the crop. In 2009 there were 3,162 smallholders with 13,200ha planted. The smallholders produced 200,123 tonnes of fruit in 2009 earning over K33 million for the smallholder families. Over 17% of this income was paid directly to women through the loose fruit mama scheme whereby women collect loose fruit and sell directly to the company.

Hargy Oil Palms Limited (HOPL) was incorporated in 1969 as a joint venture between the PNG Government and Shin Asahigawa Pty Ltd. In 1973 the Government terminated the joint venture agreement with Shin Asahigawa and invited interested plantation management companies to participate in the joint venture. The Belgium Company S A Sipef NV, a professional international management company with considerable experience in the running of large oil palm projects throughout the world, was successful. Sipef was issued with 25% of the shareholding initially and in 1976 the shareholding increased to 50% with the PNG Government retaining 50% equity in the project.

In 2004 the PNG Government sold its 50% shareholding to S.A SIPEF NV which has always had full responsibility for the management, operations, processing and international marketing of the company’s products.

Since 1973 Hargy has developed over 9,500 hectares of Oil Palm Plantations and is in the process of developing a further 10,000 hectares. It has also assisted with the development of over 13,000 hectares of smallholder blocks and plantings owned and operated by citizens of Papua New Guinea. The Company has processing mills at Bialla and Navo to process oil from harvested fruit and palm kernel oil from the kernel inside the fruit. With the development that is ongoing, Hargy has become a major force within the Palm Oil Industry in PNG. The company has received approval to expand its plantations by a further 10,000 ha’s by 2015 and is in the process of constructing a third oil palm processing mill.

The prime reason behind the local investment is to contribute to the economy of the region by providing employment opportunities, boosting revenue, supporting social projects and promoting more local business participation. The Company has developed a core team of staff belonging to various facets of the business and is confident that this team can be developed to grow with the Company.

Vision & Mission

Mission
Hargy Oil Palms aspires to be an internationally competitive, high yielding, low cost oil palm plantation and milling company producing sustainable palm oil.

Vision
By 2020 Hargy will be sustainably producing 200,000 tonnes of quality oil from 20,000ha of plantation and 18,000ha of smallholders.

ISO 14001: 2004

HOPL has ISO 14001:2004 (since 2005) accreditation. This is crucial to our reputation as a sustainable producer of palm oil and a lot of effort, and expense was put into achieving them. Their maintenance and subsequent retention is of utmost importance.

Roundtable on Sustainable Palm Oil

HOPL has RSPO

(since 2009) accreditation. This is crucial to our reputation as a sustainable producer of palm oil and a lot of effort, and expense was put into achieving them. Their maintenance and subsequent retention is of utmost importance.

rspo_logo.jpg - 8142 Bytes

Links

SIPEF | TOLAN TIGA | RSPO

Reports

Following are some of reports that have been published;

RSPO Certification Assessment
RSPO - New Plantings Assessment
Biodiversity - High Conservation Value Study
Biodiversity - Stream Health Assessment

Image Gallery

Images of our company
Please click on any image below for a larger view

Picture-002_200px.jpg - 11115 Bytes

Hargy Estate © 2010 Hargy Oil Palms Ltd

DSC_0079b_200px.jpg - 14482 Bytes

Hargy Estate © 2010 Hargy Oil Palms Ltd

School-breakup_200px.jpg - 15689 Bytes

Hargy Estate © 2010 Hargy Oil Palms Ltd

HOP_MG_5747_1_200px.jpg - 17059 Bytes

Hargy Estate © 2010 Hargy Oil Palms Ltd

DISCLAIMER

The material on this website is provided for general information only, and on the understanding that Hargy Oil Palms Ltd is not providing professional advice on a particular matter.

The material may include the views or recommendations of third parties, and does not necessarily reflect the views of the Hargy Oil Palms Ltd, or indicate a commitment to a particular course of action. This website contains information that is intended to simplify the law for ease of comprehension.

In addition, errors or omissions can occur in the preparation of web pages. Therefore, before relying on the material, users should independently verify its accuracy, completeness, relevance for their purposes and that it is up-to-date. Before any action or decision is taken on the basis of any material on this website the user should obtain appropriate independent professional advice.

Links to other websites are provided for the user's convenience and do not constitute endorsement of material at those sites, or any associated organisation, product or service.