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nv Siat sa became involved in Presco in 1991, at which time there were 2,700 hectares planted at Obaretin Estate. Under Siat’s management, a new expansion programme commenced from 1993 and an additional 3,000 hectares was planted at Obaretin Estate. The total planted area at 30th April, 2021 is 5,408 hectares.-
In 1996 Presco acquired the 2,780 hectare Cowan Estate at Ajagbodudu, Delta State, from the Delta State Government-owned Oil Palm Company Ltd. The total planted area at 30th April, 2021 is 2,370 hectares.
In 2002, Presco acquired 6,000 hectares from Edo state government and another 1,500 hectares from other parties making a total of 7,500 hectares in the Ologbo Estate. Other subsequent acquisitions in Ologbo brings the estate to a concession of 13,000 hectares, of which 8,607 hectares have been planted.
Recently, the Sakponba estate was acquired, 14,000 hectares concession of which 7,247 hectares have been planted.
The Presco total planted area amounts to 23,628 hectares as at 31st January, 2022.
The company’s operations are fully integrated with plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining plant. It is the only fully integrated operation in Nigeria.
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