Felda Holdings first step was to set up 26 subsidiaries and five joint-ventures covering every aspect of the oil palm supply chain. Today that number sits at 52 subsidiaries and three joint ventures.

The subsidiaries are involved in the downstream, manufacturing, services, engineering, transportation and agro-based related joint-ventures overseas to ensure that Felda's produce is sold to the right markets at the right price.

All profits are declared as dividends to the major shareholders of Felda Holdings, which are Felda and Felda Investment Cooperative (FIC). All Felda settlers and staff, who are members of FIC, enjoy a yearly dividend ranging from 10 to 15 percent.

Felda's more recent addition was launched last July with the aim developing the group's four global businesses namely multicopr, oils and fats, oleochemicals and logistics.

Felda owns 100 percent stake in Felda Global, which in turn has a 49 percent stake in Felda Holdings.

The Felda group has since ventured into various parts of the world including Canada, Australia, the United States and China. It has a joint venture with a Dubai-based company to begin refining operations in China and  is building a multi-seed crushing facility in Canada.

It also has established a trading office called Felda Iffco France SAS in Paris and has an oleochemicals plant and a food-based facility in the United States. Future plans include acquisition of a refinery in Batam, Indonesia. THE END

Source: Free Malaysia Today