FGV Holdings Berhad
FGV Holdings Berhad is a Malaysian multinational company that is primarily involved in the agribusiness sector. The company, which is one of the world's largest producers of palm oil, was listed on the Bursa Malaysia on 28 June 2012. FGV Holdings Berhad operates in over ten countries across Asia, North America and Europe.
History[edit | edit source]
FGV Holdings Berhad was established in 2007 as an entity of the Federal Land Development Authority (FELDA). The company was listed on the Bursa Malaysia in 2012, making it the third largest IPO in the world that year.
Operations[edit | edit source]
FGV Holdings Berhad's operations are primarily focused on the production of palm oil. The company owns over 450,000 hectares of palm oil plantations in Malaysia and Indonesia. In addition to palm oil, FGV also has interests in other agribusiness sectors such as sugar, dairy, and logistics.
Controversies[edit | edit source]
FGV Holdings Berhad has faced several controversies, particularly in relation to allegations of human rights abuses and deforestation. In 2020, the U.S. Customs and Border Protection agency banned the import of palm oil from FGV due to allegations of forced labor.
See also[edit | edit source]
References[edit | edit source]
External links[edit | edit source]
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Contributors: Prab R. Tumpati, MD
