Felda Global Ventures Holdings Sdn Bhd (Felda Global) is a commercial enterprise focusing on multiple crops, oils and fats, oleochemicals, logistics and services. With operations in 12 countries over 4 continents, such as USA, China, Canada, Australia, South Africa and the Middle East, Felda Global is among the world’s largest producers of palm oil, contributing almost 8% in 2009.
The Group comprises almost 100 companies of which 80 are active. It is helmed by Felda Global Ventures Holdings Sdn Bhd (FGV) and associate company Felda Holdings Bhd (Felda Holdings) which manages the domestic businesses. Felda Global Group is one of Malaysia’s largest and most diversified agro-based enterprises whose activities relate to the 850,000-hectare plantation land bank under the Federal Land Development Authority (FELDA).
FGV and associate company, Felda Holdings recorded revenue of RM3.2 bllion and 14.9 billion respectively and a profit before tax of RM366 million and RM760 million respectively for the financial year ended 31 December 2010.
It employs 19,000 employees, complemented by a labour force of some 50,000 workers. Felda Global overseas operations at 483 estates, owns 70 palm oil mills, 15 refineries, four kernel crushing plants, 13 rubber factories, manufacturing plants and several logistics and bulking installations spread throughout Malaysia and several locations overseas.
Felda Global aims to become a globally integrated, diversified, agro-based multi-national corporation. It is pursuing a listing on Bursa Malaysia Securities Berhad by June 2012.