Pamol Plantations Plc is located in the rich and fertile soils of the South West Region of Cameroon along the Atlantic coast of central Africa with Head office at Lobe Estate in Ekondo-Titi subdivision, Ndian Division.The plantations are planted mainly on old and reverine alluvial deposits as well as old and young volcanic soil on the northern side of Mt. Cameroon. It is the third largest Agroindustrial company operating within the oil palm sector in Cameroon. Â
HISTORY OF CREATION
PAMOL PLANTATIONS Plc was created in July, 1996 after liquidation of UNILEVER PAMOL that was incorporated as far back as 1956 when Unilever Ltd splitted from United Africa Company (UAC). The present day Pamol Estates are plantations left behind by the Germans. These plantations were bought over after the First World War by UAC in the early 1920’s from the custodians of Enemy property during an open market in London.
LEGAL STATUS AND SHARE CAPITAL.
Pamol is a fully incorporated Para Public Company registered under the laws of Cameroon, operating in the agricultural sector and governed by the OHADA Treaty. It is under the supervision of the Ministry of Agriculture and Rural Development. It is a Public liability company with its own memorandum of articles of association. The share capital of PAMOL stands at 5,954,440,000 (Five billion, nine hundred and fifty four million four hundred and forty thousand).
Shareholders
The State of Cameroon         94.64%
National Social Insurance Fund   2.40%
SRCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 1.84%
SOCAPALMÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 0.68%
Cameroon Development Corp.    0.09%
Corlay                         0.26%
SAFACAMÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 0.05%
SPFSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 0.01%
FINISHED PRODUCTS.
PAMOL has four main products to its credit (as presented in figure 2 below) which includes: palm oil, rubber, oil palm seeds and soap. The key by-products include palm kernel, palm kernel oil and also commercialize oil palm seedlings.
The red palm oil has been traditionally favoured for domestic use within Cameroon. This is because it is very liquid and rich in carotene. PAMOL palm oil has a very low melting and solidification range coupled with its significantly higher un-saturation and lower tri-saturates content.