Press Centre

FGV Chairman honoured with Jewels of the Muslim World Award 2014

KUALA LUMPUR, 14 NOVEMBER 2014 – Felda Global Ventures Holdings Bhd (FGV) Chairman, Tan Sri Mohd Isa Abdul Samad was honoured with the prestigious Jewels of Muslim World Award 2014 on Tuesday at Putra World Trade Centre here today.

The award honours individuals who have contributed towards the growth of the Muslim economy and communities and are recognised for their thoughts, achievements and ideas that have created successful businesses within the Muslim world.

Organised by OIC TODAY magazine, the award ceremony was held in conjunction with the five-day 5th Organisation of Islamic Cooperation (OIC) and Muslim World BIZ 2014, which ends on Friday.

Mohd Isa said the award has recognised the role played by FGV at the international level and at the same time proven the Group’s commitment in improving the lives of the Muslim communities.

This success does not come without the support of Prime Minister Datuk Seri Mohd Najib Tun Razak and the commitment by the FGV workforce.

“The trust placed by the Felda settlers on us was also the driving force to keep us striving for success. The settlers now lead better lives from being landless to landowners,” he said.

Mohd Isa recorded his gratitude towards FGV management team for leading the Group to be at where it is now.

Meanwhile FGV Group President and Chief Executive Officer Dato’ Mohd Emir Mavani Abdullah, delivered a speech, titled FGV: Building A Global Agribusiness Entity, at the 3rd Asia Trade & Economic Forum 2014 at the Muslim World BIZ 2014.

The two-day forum, which ran on Nov 11 and 12, was attended by over 400 local and international delegates from the government and private sectors.

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FGV Delists Asian Plantations from UK’s AIM Market; Will Integrate for Growth Boost

Kuala Lumpur, 11 November 2014 – Felda Global Ventures Holdings Berhad (FGV), the world’s largest producer of Crude Palm Oil (CPO), has delisted Asian Plantations Limited (APL) from the London Stock Exchange’s AIM market.

The move comes after FGV completed its purchase of APL, securing 100% of its traded shares. FGV will now working towards the timely integration of APL as a wholly-owned subsidiary, maximising the commercial opportunities and competitive advantages it offers.

With the delisting of APL from the AIM market yesterday, FGV is now looking forward to fully integrating APL, giving a considerable boost FGV’s business operations and growth

FGV’s Group President and Chief Executive Officer, Dato’ Mohd Emir Mavani Abdullah, said: “With the delisting of APL from the AIM market yesterday, FGV is now looking forward to fully integrating APL, giving a considerable boost FGV’s business operations and growth.”

“The purchase of APL makes great sense from a valuation and operational standpoint. APL will increase FGV’s landbank by 7%, it will boost CPO production, and introduce a younger crop profile. FGV has set out its target of becoming a top 10 global agri-business by 2020 and deals such as APL are putting us firmly on track to reach our goal,” said Dato’ Emir.

APL owns 24,622 hectares of oil palm plantations through its five wholly-owned estates in Miri and Bintulu, Sarawak. APL’s estates are serviced by a 60 tonne per hour palm oil mill within the estates and are within easy reach to the deep-water port of Bintulu, where four of the big palm oil refineries in Sarawak are located.

“At an Enterprise Value of RM62,358 per planted hectare, APL represents a fairly priced and value-added deal which is in line with FGV’s expansion roadmap through organic and inorganic growth. Apart from contributing positively to FGV in the long-term, APL’s integration into FGV will give rise to cost savings from operational synergies and increase FGV’s lead in sustainable palm oil production,” Dato’ Mohd Emir added.

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FGV builds on maiden PME shipment to China’s fast-growing biodiesel market

Kuala Lumpur, 28 October 2014 – Felda Global Ventures Holdings Berhad (FGV) continues to expand its biodiesel business in China and build on the success of its maiden shipment of 6,000 metric tonnes (MT) of Palm Methyl Ester (PME) to Nansha Port, Guangzhou.

The PME had been produced by FGV subsidiary Felda Global Ventures Biotechnologies Sdn Bhd (FGVB) and delivered to China in early September. A second consignment of 6,000 MT of PME is expected to arrive in Dongguan Port, Guangdong, end of this month.

Biodiesel trade between China and Malaysia is poised to rise based on the republic’s rapidly growing interest in renewable energy. China imported 590,777 metric tonnes of biodiesel from January to August 2014 from biodiesel players around the world.

Dato’ Mohd Emir Mavani Abdullah, Group President and Chief Executive Officer of FGV said, “FGV’s maiden shipment of PME to China is a highly significant development for the company’s biodiesel ambitions. By successfully penetrating the China market, FGV is on track to achieving its global growth targets for its biodiesel strategy.”

“Furthermore, China is one of the biggest biodiesel markets in the world. Given China’s huge energy requirements and its reliance on biodiesel imports, we can meet this demand by virtue of being Malaysia’s largest PME exporter. Currently, FGV accounts for 31.59 percent of Malaysia’s PME exports”, he added.

The maiden PME consignment was shipped on board the vessel “Bremen Trader”, and delivered to its client in a deal that was brokered by Gunvor Geneva, a reputable Swiss-registered petroleum trader.

As part of its long-term growth plans, FGV has identified biodiesel as one of the strategic areas for the company’s expanding presence into high margin downstream activities. To grow its biodiesel capacity, FGV entered into a joint-venture agreement with M2 Capital Sdn Bhd and Benefuel International Holdings S.A.R.L. to acquire a biodiesel plant for USD22.5 million in Kuantan Port in September. The new plant is located next to FGV’s current biodiesel plant in Kuantan, which has a production capacity of 100,000 metric tonnes a month, and is expected to be operational by late 2015.

With the new plant, FGV’s biodiesel production capacity will eventually increase over threefold to 350,000 metric tonnes a month, resulting in FGV becoming one of the largest exporters of biodiesel in Southeast Asia.

According to Wira Adam, Chief Executive Officer of FGVB, “With this significant increase in our biodiesel production capacity, FGV will be able to aggressively pursue export opportunities for its biodiesel business. This will include FGV producing and exporting biodiesel directly to China, as well as other significant overseas markets that are also looking to alternative and renewable fuels for their energy needs.”

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