The profitable, multi-billion ringgit operation possesses the world’s largest bulking and storage facilities for vegetable edible oil. It is tasked with connecting and controlling the flow of assets across FGV’s business, driving group-wide efficiencies.
On the logistics front, we are embarking on end to end logistic as a high value Multimodal Transport Operator (MTO) and exploring an asset-light approach to maximise our bottom line wherever possible. Storage complements the Group’s Logistic activities, locally and overseas.
Going further into completing the supply and value chain landscape, Logistics Cluster activities are supported by both standard and MTO activities with proven storage and handling capabilities; providing impetus to enhance the performance and improvement of FGV’s core activities.
FGV has built the world’s largest and most advanced bulking facilities for vegetable oil terminal in Malaysia handling up to 40 percent of Malaysia’s total palm oil exports. Storage capacity continues to expand through a business model that focuses on strategic partnership with port operators, various palm oil players and storage operators. This is not only to supports our high volume CPO supply but also provides sufficient storage requirements for other edible oils to meet world demand.
Logistics Cluster operations emphasise on cost containment, optimisation of resources and increased revenue streams. Looking ahead, Logistics Cluster is forging partnerships with overseas integrated logistics providers in key export markets.
* The list of subsidiaries is not comprehensive. Further details on the equity shareholdings of FGV in its subsidiaries can be referred to in the Financial Statements
# Joint ventures or Associated company