FGV Holdings

What FGV Holdings does

FGV Holdings Berhad is a Malaysia-headquartered agribusiness company whose primary business is the cultivation of oil palms and the production of crude palm oil (CPO) and palm kernel oil for export to international food ingredients, oleochemicals, and biofuel markets. The company operates an integrated value chain spanning planting, harvesting, milling, refining, and global distribution of palm oil products, supported by a wholly-owned FGV Fertiliser subsidiary that produces crop inputs internally. Beyond palm oil, the group previously operated FGV Dairy Farm Sdn Bhd (milk processing, shut down September 2025 after five years of losses), and FGV Dairy Industries (currently subject to wind-up proceedings by Pan Asia Dairies over RM1.99 million in debt), alongside an upstream expansion via the RM1.1 billion acquisition of Asian Plantation Ltd.

FGV was listed on Bursa Malaysia in 2012 and operated as a public company for 12 years before being taken private and delisted in August 2025 through a takeover by the Federal Land Development Authority (Felda), a Malaysian government state entity that now controls the group. The company's market access was constrained for six years after a 2020 US Withhold Release Order tied to forced-labour allegations; that order was modified by US Customs and Border Protection on January 15, 2026, following documented labour reforms and a partnership with the National Union of Plantation Workers, restoring US export eligibility. Revenue is generated through commodity palm oil sales via international trading channels with CPO prices in the RM4,500-5,000/MT range cited in industry coverage. The company holds Malaysian Sustainable Palm Oil (MSPO) certification with EU recognition, supporting access to sustainability-premium markets.

Name

FGV Holdings

Legal name

FGV Holdings Berhad

Website

https://fgvholdings.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

FGV Holdings Berhad is a Malaysian state-owned (Felda) integrated palm oil producer operating plantations, milling, refining, and global distribution of CPO and palm kernel oil for international food, oleochemical, and biofuel buyers.

Ownership category

akta.pro rank

Product category

Palm Oil Production

NAICS

Fats and Oils Refining and Blending (311225), Soybean and Other Oilseed Processing (311224), Oilseed (except Soybean) Farming (11112)

SIC

Fats & Oils (2070), Agricultural Production-Crops (100)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Industrial Oil & Wax Crop Farming (Castor, Jojoba, Oil Palm for industrial uses) (AFAGAGAL)

Keywords

• Palm oil production
• Crude palm oil milling
• Palm kernel oil
• Plantation management
• Oleochemical feedstocks

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Core offering

FGV Holdings cultivates oil palm plantations and produces crude palm oil (CPO), palm kernel oil, refined palm oil products, oleochemical raw materials, and biofuel feedstocks through an integrated plantation-to-processing value chain. The company also produces fertilisers for palm cultivation via its FGV Fertiliser subsidiary and supplies global markets serving food ingredients, oleochemical, and biofuel (B100 biodiesel) applications.

Product overview

FGV Holdings is a Malaysia-based agribusiness primarily focused on palm oil and palm oil products, including crude palm oil (CPO) and palm kernel oil production. The company operated through subsidiaries including FGV Fertiliser (fertiliser products for palm cultivation) and had a former dairy venture (FGV Dairy Farm Sdn Bhd) that ceased operations in September 2025. FGV was taken private by state-owned Felda in August 2025 after delisting from Bursa Malaysia. The company exports palm oil globally for food, oleochemical, and biofuel applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Palm Oil and Palm Oil Products Crude palm oil (CPO) and palm kernel oil produced from cultivated oil palm plantations through integrated milling and refining operations, serving international buyers across food ingredient, oleochemical, and biofuel (B100 biodiesel) applications.
• FGV Fertiliser

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• National Union of Plantation WorkerscoreStrategic or Co-development Partner · 15 January 2026FGV collaborated with the National Union of Plantation Workers as part of its sustained efforts to strengthen labour practices and address forced labour allegations that led to the 2020 WRO. This collaboration was a key component in achieving US CBP WRO modification and resuming exports to the US market.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Golden Agri-Resources Ltd: Indonesia-headquartered vertically integrated palm oil major spanning plantations, milling, refining and downstream oleochemicals — directly comparable product and operating model.
• IOI Corporation Berhad: Major Malaysian integrated palm oil producer with refining, oleochemicals and specialty fats — direct competitor on CPO/PKO supply, sustainability certifications and export markets.
• Sime Darby Plantation Berhad: Malaysia's largest palm oil plantation company with integrated upstream-to-downstream operations, nearly identical product portfolio (CPO, PKO, oleochemicals, biodiesel) and direct overlap with FGV's customer base and geographic footprint.
• Musim Mas Group: Major Indonesian integrated palm oil producer with full value-chain coverage from plantations to oleochemicals and biodiesel, competing with FGV in CPO export markets globally.
• Kuala Lumpur Kepong Berhad (KLK): Malaysian plantation group with integrated palm oil operations, oleochemicals and renewable energy (biodiesel), comparable scale and business model to FGV.

Emerging players

• Neste Oyj: Global leader in renewable diesel (B100 biodiesel) and a major buyer of refined palm oil feedstock; relevant as both a potential customer and a competing player in the biofuel value chain.

Broad incumbents

• Wilmar International Limited: World's largest palm oil processor and a major global agribusiness; overlaps with FGV on CPO refining, specialty fats and biodiesel but operates across a far broader product portfolio.
• Cargill, Incorporated: Global agribusiness giant that trades and processes palm oil among many other commodities; competes with FGV in international CPO markets and downstream ingredient supply.

Regional players

• Asian Agri: Major Indonesian palm oil producer with integrated plantations, mills and downstream processing — competes with FGV in CPO supply and sustainability-certified exports from Southeast Asia.
• Boustead Holdings Berhad: Malaysian conglomerate with significant plantation arm and downstream activities; comparable regional exposure but operates as a diversified holding rather than a pure-play palm oil company.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/fgvholdings
• LinkedInlinkedin.com/company/fgvholdings

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FGV Holdings