FGV Holdings

FGV Holdings Berhad (formerly known as Felda Global Ventures Holdings Berhad) is a Malaysian multinational corporation involved in palm oil production, sugar manufacturing, and other agricultural activities. It is one of the world's largest producers of crude palm oil (CPO) and has a significant presence in the global agriculture industry.

History

FGV Holdings was established in 2007 as a commercial arm of the Federal Land Development Authority (FELDA), a Malaysian government agency responsible for the resettlement of rural poor into newly developed areas and to organize smallholder farms growing cash crops. The company was listed on the Bursa Malaysia in 2012, making it one of the largest initial public offerings (IPOs) in Malaysia and Southeast Asia.

Operations

FGV Holdings operates through several business segments:

Palm Oil

FGV is one of the largest producers of crude palm oil in the world. The company manages extensive oil palm plantations and operates numerous palm oil mills and refineries. The palm oil segment includes the cultivation of oil palm, harvesting of fresh fruit bunches (FFB), and processing them into CPO and palm kernel oil.

Sugar

The company is also involved in the production and refining of sugar. FGV owns and operates sugar refineries and is a major supplier of refined sugar in Malaysia.

Other Agriculture

In addition to palm oil and sugar, FGV Holdings is engaged in other agricultural activities, including the cultivation of rubber, cocoa, and other crops. The company also has interests in livestock farming and forestry.

Sustainability

FGV Holdings is committed to sustainable practices in its operations. The company adheres to the principles of the Roundtable on Sustainable Palm Oil (RSPO) and has implemented various initiatives to reduce its environmental impact, improve the livelihoods of smallholders, and ensure the welfare of its workers.

Controversies

FGV Holdings has faced several controversies over the years, including allegations of labor rights abuses and environmental concerns. The company has taken steps to address these issues, including improving labor conditions and implementing more stringent environmental policies.

See also

• Federal Land Development Authority
• Palm oil production in Malaysia
• Agriculture in Malaysia
• Bursa Malaysia

External links

• [https:// Official website]

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