Sabah Softwoods Berhad
was first incorporated in 1973 under the name “Sabah Softwoods Sdn Bhd” and began operations the following year. The name was later changed to Sabah Softwoods Berhad in 2000. Sabah Softwoods Berhad is 70% owned by Innoprise Corporation Sdn Bhd, the investment arm and holding company of Yayasan Sabah Group. Its core business is in timber and oil palm milling and woodchip production.
Over the years, the Company has diversified its activities by entering into a joint venture for the construction and operation of a Crude Palm Oil (CPO) Mill with equity of 40% (become 51% in 2014) in Regional Harvest Sdn. Bhd.
With its titled land bank spreading over 60, 600 hectares along Yayasan Sabah Timber Concession belt in Brumas (41, 500 hectares) and Kalabakan (19, 100 hectares) in Tawau, SSB has paved a commercially-viable business in both timber and oil palm operations.
In 2004, SSB was offered a 30% stake to participate in another joint venture namely K.M. Hybrid Plantation Sdn. Bhd. to develop 1000 hectares for planting of Acacia Mangium Hybrid trees.
To sustain an effective income generator, in 2010 SSB has launch its first wholly owned CPO Mill situated at Kapilit with the capacity of 45Mt/hour and currently upgraded its operation to 90Mt/hour. Kapilit Palm Oil Mill is the first of its kind in Sabah and second in Malaysia that met all Malaysia Palm Oil Board (MPOB) licensing requirement. Apart from solidification of the internal operation, in 2011, SSB entered into a Joint Venture Agreement with All Cosmo Industries Sdn Bhd to establish a fertilizer plant at the Palm Oil Industrial Cluster (POIC) Lahad Datu under a joint venture company called Sabah Softwoods Hybrid Fertilizer Sdn Bhd.
With the rapid booming of biomass industry, SSB with the CPO Mill, Kapilit has launched the Dried Long Fiber Plant in 2013. In 2014 SSB has embarked on the renewable energy initiatives by establishing Biogas Plant. The plant is able to generate 1.2MW of power which would be sufficient to supply electricity to the mill housing and Kapilit Estate.