Malaysia’s agro giant Felda in expansion spree

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Felda Global Ventures Holdings, one of the world’s largest palm oil companies and agro conglomerates based in Malaysia and listed at the stock exchange in Kuala Lumpur, will expand within Southeast Asia and also invest in palm oil activities in Pakistan, it said.

First of all, Felda will acquire land in Myanmar for rubber, as well as in Cambodia and Papua New Guinea, according to chairman Tan Sri Mohd Isa Abdul Samad. It would also continue acquiring more land for oil palms in Indonesia to add to its economies of scale there. These mainly greenfield plantations are expected to entail an additional investment of $94 million over the next five to six years for agricultural cost and capital expenditure.

In Pakistan, Felda recently presented investment models for plantation of palm oil trees.It wants to grow oil palms in the coastal areas of Balochistan and Sindh in cooperation with the World Bank and local farmers at a land area of a minimum of 30,000 hectares.

Pakistan was the fourth largest importer of palm oil in 2012 trailing behind China, India and Netherlands and is in need its own plantations as it wants to establish downstream activities with palm oil by producing soap, pharmaceuticals and cosmetics.

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Reading Time: 1 minute

Reading Time: 1 minute

felda

Felda Global Ventures Holdings, one of the world’s largest palm oil companies and agro conglomerates based in Malaysia and listed at the stock exchange in Kuala Lumpur, will expand within Southeast Asia and also invest in palm oil activities in Pakistan, it said.

First of all, Felda will acquire land in Myanmar for rubber, as well as in Cambodia and Papua New Guinea, according to chairman Tan Sri Mohd Isa Abdul Samad. It would also continue acquiring more land for oil palms in Indonesia to add to its economies of scale there. These mainly greenfield plantations are expected to entail an additional investment of $94 million over the next five to six years for agricultural cost and capital expenditure.

In Pakistan, Felda recently presented investment models for plantation of palm oil trees.It wants to grow oil palms in the coastal areas of Balochistan and Sindh in cooperation with the World Bank and local farmers at a land area of a minimum of 30,000 hectares.

Pakistan was the fourth largest importer of palm oil in 2012 trailing behind China, India and Netherlands and is in need its own plantations as it wants to establish downstream activities with palm oil by producing soap, pharmaceuticals and cosmetics.

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