» The second palm oil refinery was commissioned in KDC Complex, Tawau, Sabah.
» Disposal of the Company’s entire stock units in BLRC and simultaneously the purchase of all the plantation assets (5,587 ha) of BLRC by the Company’s wholly-owned subsidiary, Kulumpang Development Corporation Sdn Bhd.
» A 50:50 joint venture company, Applied Agricultural Research Sdn. Bhd. (now known as Applied Agricultural Resources Sdn. Bhd.) was formed between KLK and Boustead Holdings Berhad to carry out applied research and development which support the plantation activities of the Group.
» Corporate Head Office moved to Wisma Taiko in the heart of Ipoh City.
» Acquisition of 12,146 ha of plantation land in Negeri Sembilan and Selangor in exchange for the Company’s holding in Highlands & Lowlands Berhad.
» Taiko Plantations Sdn Berhad, a plantation management company, became a wholly-owned subsidiary of KLK.
» The Group’s first palm oil refinery, KL-Kepong Edible Oils was commissioned.
» Marked the Group’s entry into Sabah with the acquisition of 12,551 ha of plantation land together with a mill in Tawau.
» Acquisition of the entire issued and paid-up capital of Batu Lintang Rubber Co. Berhad (“BLRC”).