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Kuala Lumpur Kepong Berhad (KLK) (MYX: 2445) is a Malaysian multi-national company.The core business of the group is plantation (oil palm and rubber). The company has plantations that cover more than 250,000 hectares [3] in Malaysia (both Peninsular and Sabah) and Indonesia (Belitung, Sumatra and Kalimantan).
It is the third largest palm oil company in the world by planted acreage. [3] FGV manages a total land bank of 439,230 hectares in Malaysia and Indonesia including land under Land Lease Agreement (LLA) with Felda. The company produces approximately 3 million metric tonnes of crude palm oil annually.
For each hectare of oil palm, which is harvested year-round, the annual production averages 20 tonnes [citation needed] of fruit yielding 4,000 kg of palm oil and 750 kg [citation needed] of seed kernels yielding 500 kg of high-quality palm kernel oil, as well as 600 kg of kernel meal. Kernel meal is processed for use as livestock feed. [10]
Malaysia's Sime Darby is the largest listed palm oil company globally, based on plantation area and fresh fruit bunch production. [14] The company was created through a Malaysian government initiated merger in December 2006. [15] [16] The world's second-largest oil palm plantation company, Felda Global Ventures Holdings (FGV), is also based in ...
IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. [1] IOI is one of Malaysia 's biggest conglomerates. It ventured into oil palm plantations in 1983, [ 2 ] followed by property development in 1984 [ 3 ] and refineries in 1997. [ 2 ]
In 1986 and 1987 respectively, PPB acquired Saremas Sdn Bhd (in Sarawak) and 60 percent of Sapi Plantations (in Sabah) to establish itself in the palm oil plantation business. [4] It also acquired a 70 percent interest in Indonesian palm oil producer PT Tidar Sungkai Sawit (PTSS) in 1995. [ 4 ]
The IOI refinery in Rotterdam, Netherlands is the largest palm oil refinery in Europe. IOI's oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives.
It is active in Central Kalimantan, Central Kalimantan, and West Sumatra in Indonesia and Sabah in Malaysia. [4] It claims to have received a sustainable forest management license from the state government of Sabah to manage 300,000 acres of forest for 100 years. [5] It supplies crude palm oil and palm kernel to Musim Mas. [6] “Sustainable ...