Univanich Palm Oil Public Company Limited was established on 26th December 1995 as an amalgamation of
three of Thailand’s pioneer palm oil companies. The three companies were Thai Oil Palm Industry and Estate Company
Limited, Siam Palm Oil and Refinery Industry Company Limited, and Hup Huat Palm Oil Industry Company Limited.
The Company was listed on the Stock Exchange of Thailand on 25th November 2003 under the abbreviation UVAN.
Univanich is one of Thailand’s leading producers of crude palm oil (“CPO”) and crude palm kernel oil (“PKO”).
Palm oils are important ingredients in the manufacture of cooking oils and salad oils, margarines and shortening, snack
foods, ice creams, soaps, shampoos and cosmetics. Biodiesel and biofuels are rapidly expanding new uses of palm oil.
A byproduct from the production of PKO is palm kernel cake (“PKC”) which is used in animal feeds.
The main features of the Company’s business are as follows:
- Univanich operates oil palm plantations in Krabi, Surat Thani, and Nakhon Si Thammarat Provinces
of Southern Thailand, with a planted area in 2016 of 35,991 rai (5,758.6 hectares) including 2,314.38 rai
(370.3 hectares) immature area. The first plantations were established in 1969 and replanting of a new
generation of palms commenced in 1992. The Company has now achieved a balanced age profile of palms
with approximately 4% of the area routinely replanted each year.
- In 2016, the Company’s own plantations produced 11.3% of the fresh fruit bunches (“FFB”) processed by
the Companies factories, with 88.7% of FFB being purchased from smallholder farmers. The overall planted
area of oil palms in Thailand is expanding rapidly and it is this expansion of small-holder plantings that is
fueling the Company’s long-term growth.
- Univanich has three palm oil crushing mills and two palm kernel crushing plants, all located in Krabi Province.
In 2016, Univanich factories processed 504,981 tonnes of FFB and 26,226 tonnes of palm kernels (PK).
Each crushing mill operates methane capture systems to reduce greenhouse gas emissions and to generate
renewable electricity for sale to the Provincial Electricity Authority grid.
- Univanich operates a palm oil exporting facility at the deep-water port of Laemphong in Krabi Province.
- The Univanich Oil Palm Research Centre (OPRC) is internationally recognised for pioneering oil palm
research and advanced palm breeding. Univanich drought-tolerant hybrid seeds are now exported to oil palm
growers in more than fifteen countries. The company’s oil palm nurseries supply annually more than 1.6
million high yielding seedlings to Thailand’s smallholder growers.
- Univanich commissioned Thailand’s first laboratory for oil palm tissue culture in 2006. Since 2010, the
company has been testing elite oil palm clones in field trials and in 2016 the company commenced production
of clonal seeds from these elite oil palm clones.
- In 2013, Univanich expanded its business to the Philippines by establishing a 51% owned joint venture
company named Univanich Carmen Palm Oil Corporation (UCPOC). UCPOC has constructed a new palm
oil crushing mill in North Cotabato province of Mindanao. The new palm oil mill started processing in
- In Thailand, Univanich employs 1,100 people and is professionally managed to an international standard
established during 15 years of joint venture with Unilever PLC. From 1983 to 1998, when Unilever held
a 51% shareholding in Univanich, the business was managed through Unilever’s International Plantations
and Plant Science Group, based in Cambridge, UK.