Growing in presence from Malaysia’s sugar leader to an ASEAN trailblazer
Through its listed subsidiary MSM Malaysia Holdings Berhad (MSM), FGV is the leading refined sugar producer in Malaysia with 58% of domestic market share, involved primarily in the production of refined sugar products, with an annual production capacity of over 2.25 million tonnes.
MSM Holdings continues to expand and optimise the businesses of its two operating subsidiaries – MSM Prai Berhad (formerly known as Malayan Sugar Manufacturing Company Berhad) and MSM Perlis Sdn Bhd (formerly known as Kilang Gula Felda Perlis Sdn Bhd). These subsidiaries are pioneers in Malaysia’s sugar industry having been established in 1959 and 1971 respectively.
With global demand for sugar being driven by double digit growth, FGV is expanding its global presence through acquisitions and joint ventures with regional powerhouses and related businesses across the sugar supply chain.
To date, FGV has taken steps to be in control of the complete sugar value chain, venturing into upstream and downstream activities as well as the futures business. With these drivers as well as the commencement of a trading office in Dubai in second quarter of 2015, FGV’s sugar business will continue to strengthen its competitiveness in domestic and export markets, and move it closer towards its goal of becoming Southeast Asia’s premium sugar refining and trading company.
KEY GROWTH TARGET: FGV is poised to become ASEAN’s largest Sugar hub and produce 3.25 million tonnes of sugar per annum by 2025
Sugar is geared up for domestic and global expansion and has boldly placed the key growth focus on downstream expansion to boost capacity building and to build a strong value chain footprint. Our investment in the set-up of the Dubai trading operation will add a strong arm to establish our own raw sugar trading business; while new Johor refinery had managed to ramp up production capacity to over 2.25 million tonnes of refined sugar per year, from the initial 1.1 million tonnes.
While actively sourcing for further opportunities, we are seeking better operational efficiencies by focusing on cost reduction initiatives, optimising asset utilisation, and implementing improved technologies from sourcing to production chain; in logistics and distributions.
In the pursuit of operational excellence, we have launched a performance excellence programme for our employees as our anchor initiative to develop a customer focus mindset among all of our teams. This is also a systematic approach to establish and to sustain excellent performance at all levels.
- MSM Holdings Berhad
- MSM Prai Berhad
- MSM Perlis Sdn Berhad
- MSM Trading & Distribution Sdn Bhd
- MSM Trading International DMCC
- MSM Sugar Refinery (Johor) Sdn Bhd
- MSM Logistics Sdn Bhd
* The list of subsidiaries is not comprehensive. Further details on the equity shareholdings of FGV in its subsidiaries can be referred to in the Financial Statements
# Joint ventures or Associated company