Felda Global Ventures (“FGV”), which was involved in a recent two-day Malaysia-South Korea Palm Oil Trade Fair, is confident of generating higher revenue from its palm oil and palm-related downstream activities in the next one to two years by exploring new product lines and expanding its production capacity.

As reported in The Sun Daily, FGV is looking to venture into the lucrative Japanese noodle and palm-based cosmetics industry. The plantation giant has identified a South Korean company to kick-start its ramen business. Zakaria, FGV’s Head of Palm Downstream Cluster, said that FGV can leverage on the market for halal Ramen through production facilities in China and Malaysia.
 
According to Zakaria, the world’s largest crude palm oil producer’s intention to expand its downstream footprint is in line with its overall long-term strategy to generate short-term revenue besides its core business in the upstream oil palm plantation sector. “The downstream industry also looks vibrant in China, India and the Southeast Asia markets, we are looking at a few proposals in India where we can expand our market presence there”, added Zakaria.

Source: Macquarie Research - 6 May 2015