Rimbunan Hijau (PNG) Group is a privately owned group of companies with a diverse set of interests that encompass forestry, timber processing, palm oil, transport, media, retail and property development.
The Group - also known locally simply as RH - is a wholly owned subsidiary of Rimbunan Hijau, a company based in Sarawak, Malaysia.
The group employs more than 7,500 people across a range of market interests in both rural and urban locations.
RH is the current market leader in forestry and timber processing in Papua New Guinea. It operates a number of concessions across PNG and has five downstream processing operations. These comprise sawn timber, kiln drying, veneer and plywood processing operations.
The majority of RH's timber products are exported. It is one of Papua New Guinea's largest exporters outside of the minerals sector. In 2010 its exports of sawn wood products alone contributed more than US$10 million in export revenue to the PNG economy. RH's major export markets are China, Taiwan and South Korea.
Papua New Guinea's international competitiveness hinges upon its ability to add value to its natural resources for export. Since 2001, RH has implemented a strategy to increase its manufacturing capacity in Papua New Guinea. In 2003, RH was named PNG Manufacturer of the Year.
RH has invested in its first oil palm development in PNG in East New Britain Province. The Sigite Mukus Integrated Rural Development Project is an approved area for agriculture development of 42,000 hectares, with 31,000 ha allocated for oil palm development. It currently employs more than 450 people locally; this number is expected to grow to more than 3,000 people in the next three years. The project will contribute royalties, premium payments, infrastructure levies and other community funding worth K834 million (US$390 million) over the project's lifespan and provide transport and social infrastructure to the local communities.
Midway through 2008, RH commenced the construction of Vision City Waigani project. The US$400 million (1 billion kina) investment will incorporate a residential/hotel complex, a three-storey retail development and a 10-storey office complex. Vision City is located in Waigani Valley, and will provide a new location for businesses close to Parliament House and Port Moresby's diplomatic community. The project will employ around 1,800 people during construction, and house or employ more than 5,000 people in hospitality, management and other sectors once completed. It will generate more than K200 million in economic activities annually.
In 2010, RH completed the first stage of the project, Vision City Mega Mall, which offers more than 50 retail outlets. It is the largest shopping mega mall in the Pacific region and the largest shopping complex in Port Moresby. It was officially opened by the former Acting Prime Minister of Papua New Guinea Hon. Samuel T. Abal.
Vision City Waigani is part of RH's long-term investment strategy for Papua New Guinea.
RH (PNG) CELEBRATES 20th ANNIVERSARY IN STYLE
The Rimbunan Hijau (PNG) Group has celebrated its 20th anniversary in Papua New Guinea in style with a gala evening attended by the former Acting Prime Minister, Samuel Abal, various Cabinet Ministers and Members of Parliament, company officials and local business leaders.
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