FGV IFFCO

What FGV IFFCO does

FGV IFFCO Sdn Bhd (formerly FELDA IFFCO) is a Malaysia-domiciled private joint venture, incorporated on 13 December 2006 between FGV Holdings Berhad — one of the world's largest crude palm oil producers contributing 3% of global and 14% of Malaysian CPO output — and IFFCO Holdings Limited, a UAE-based multinational running 95 operations across 49 countries with 12,000+ employees. The company operates a single-site oils and fats refinery and processing complex at Port Klang, Selangor, with annual refining capacity exceeding 600,000 tonnes and 35,000 tonnes of storage. Its technology stack spans physical and chemical refining, fractionation, hydrogenation, and proprietary enzymatic interesterification (EIE), enabling it to produce trans-fat-free Cocoa Butter Alternatives and reduced 3-MCPD/GE refined oils. Three R&D centres (Selangor, Negeri Sembilan, Sharjah) staffed with PhD scientists support process and product development.

FGV IFFCO serves four customer segments — B2B industrial, B2C consumer, HORECA and non-food Industrial — through a product portfolio that includes cooking oils (under IFFCO, MAHA, Hayat, Ahayat sub-brands and OEM), bakery and confectionery specialty fats (CBS, CBR, CBE, filling and spread fats, shortenings, margarines), dairy fat replacers and vegetable ghee, frying fats, animal feed fats, and non-food applications (pharmaceuticals, cosmetics, soaps, candles, polymers, paint). The company distributes in bulk and packed formats via tanker, bulk vessel or containers across six macro-regions (APAC, Central Asia, MENA, Europe, Sub-Saharan Africa, South America) through its Kuala Lumpur trading arm and Felda IFFCO France SA in Paris. Revenue is generated transactionally across these channels and segments at undisclosed pricing; the company holds RSPO (2010), MSPO (2019), ISCC EU (2023), BRC, FSSC 22000, ISO 9001, ISO 45001, HACCP, GMP, GMP+, Halal and Kosher certifications, with 100% of CPO/CPKO sourced from RSPO/MSPO-certified mills, 100% Traceability to Mills and 92% Traceability to Plantations in 2024 (target 100% by 2026).

Name

FGV IFFCO

Legal name

FGV IFFCO Sdn Bhd

Website

https://fgviffco.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

FGV IFFCO is a Malaysia-domiciled joint venture between FGV Holdings and IFFCO that refines palm and other vegetable oils at a 600,000+ tonne Port Klang facility, supplying specialty fats, cooking oils, and oleochemicals to B2B, B2C, HORECA and industrial customers across six global regions.

Ownership category

akta.pro rank

Product category

Vegetable Oils and Specialty Fats

NAICS

Fats and Oils Refining and Blending (311225), Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Fats & Oils (2070), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Frying Oils & Frying Stabilization Systems (Antifoams, Antioxidant Blends) (AFAJALAI), Industrial Frying Oils & Foodservice Oil Blends Manufacturing (AFAKAEAI), Butter, Cream & Dairy Fats (CRADACAD)

Keywords

• Palm oil refining
• Specialty fats
• Vegetable oils
• Cocoa butter substitutes
• Confectionery fats

Headquarters

HQ city

Port Klang

HQ country

Malaysia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Vegetable Oil B2B Sales: Sale of refined vegetable oil products to industrial customers, manufacturers, and food producers. Includes cooking oils, specialty fats, and industrial oils for various applications.
2. B2C Branded Products: Sale of consumer-branded products under IFFCO brand and OEM brands to retailers and distributors. Products include cooking oils, margarine, and specialty fats for household use.
3. HORECA Channel: Sales to Hotel, Restaurant and Cafe sector including specialty oils and fats for professional food service applications.
4. Animal Feed Products: Sale of fat products for animal feed formulation for dairy cattle, poultry, broilers and livestock.
5. Non-Food Industrial Applications: Sale of oils and fats for pharmaceuticals, cosmetics, soaps, candles, paint, polymers and biofuels applications.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

FGV IFFCO refines and processes palm, palm kernel, coconut, and soft oils into a portfolio of specialty fats, cooking oils, cocoa butter alternatives, baking fats, dairy fat replacements, frying fats, animal feed fats, and non-food applications. The company serves both industrial food manufacturers and end consumers through distinct product lines.

Product overview

FGV IFFCO is a joint venture between FGV Holdings Berhad and IFFCO Holdings Limited, operating as a comprehensive oils and fats manufacturer and supplier. The company offers a diversified portfolio of vegetable-based products organized across multiple categories: Chocolates & Confectionery (Cocoa Butter Substitutes, Cocoa Butter Replacers, Cocoa Butter Equivalent via Enzymatic Interesterification), Baking Fats & Margarine (TRISTAR Shortening, Hayat/Sunny Margarine, biscuit/bread/cake fats, shortenings, butter oil substitutes, all-purpose margarine), Dairy Fat Replacers (ice cream fats, cheese replacers, whipping cream fats, vegetable ghee), Filling & Spread Fats, Frying Fats (Zero Trans and Low Saturated), Culinary Products, Cooking Oils (Maha, Ahayat, Hayat brands), Functional & Specialty Fats, Animal Feed Fats, and Non-Food Applications (pharmaceutical, paint, candles, polymers, personal care, cosmetics, soap base oils). The company operates refineries with annual capacity exceeding 600,000 tonnes and 35,000 tonnes storage facilities, providing physical refining, fractionation, hydrogenation, interesterification, and packing services for palm, palm kernel, sunflower, soya, coconut, and other vegetable oils and fats.

Differentiator

Problem solved

Functional benefit

Brands

• IFFCO: The IFFCO Group brand used for consumer products including cooking oils, margarines, and specialty fats.
• MAHA
• Hayat
• TRISTAR
• Sunny

Products and services

• Specialty Fats

Quantifiable outcome

• 100% TTM traceability achieved at facility level
• +3 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Gas Malaysia Energy Advance Sdn Bhd (GMEA)coreStrategic or Co-development Partner · 27 August 2025GMEA, a joint venture between Gas Malaysia Berhad and Tokyo Gas Engineering Solutions Corporation, signed a 15-year Energy Supply Agreement (ESA) with FGV IFFCO. GMEA will design, construct, own, and operate a Gas Turbine Co-Generation System at FGV IFFCO's manufacturing facility, delivering up to 3.93 MW of electricity and 30 tonnes per hour of low-pressure steam. EPCC expected to be completed in mid-Q2 2027. This strategic partnership supports energy efficiency and carbon footprint reduction goals.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sime Darby Plantation Berhad: Major Malaysian palm oil producer and refiner with vertically integrated operations across plantations, milling, and downstream specialty fats. Directly comparable to FGV IFFCO in upstream CPO supply, refining capacity, and downstream value-add fats.
• IOI Corporation Berhad: Malaysian integrated palm oil player with significant downstream specialty fats, oleochemicals, and refined oils operations serving global B2B and B2C customers. Closely comparable to FGV IFFCO's refining-plus-specialty fat strategy.
• Kuala Lumpur Kepong Berhad (KLK): Malaysian integrated plantation group with significant downstream refining and oleochemical operations supplying specialty fats and industrial oils. Comparable in upstream CPO share and downstream specialty fats portfolio.
• Musim Mas Group: Indonesian integrated palm oil group covering plantations, refineries, and downstream specialty fats including cocoa butter substitutes. Comparable vertical integration and refining-plus-specialty fats model.
• AAK (AarhusKarlshamn): Swedish specialty oils and fats company focused on chocolate, dairy, bakery, and infant nutrition applications. Closely comparable to FGV IFFCO's specialty fat business, particularly Cocoa Butter Alternatives and EIE-based products.
• Mewah International Inc. Singapore-headquartered palm oil refiner specializing in specialty fats, bakery oils, and consumer cooking oils distributed globally. Comparable product portfolio (CBA, CBE, specialty fats, frying oils) and similar B2B/HORECA customer mix.

Broad incumbents

• OLAM International (ofi): Global food ingredients supplier (formerly Olam) with palm, cocoa, and edible oils origination and processing operations. Overlaps with FGV IFFCO in edible oils refining and ingredient supply to B2B customers.
• Bunge Limited: Global agribusiness and food ingredients major with significant oils refining and specialty fats businesses. Overlaps with FGV IFFCO in edible oils refining and B2B ingredient supply, though far broader in scope.
• Wilmar International: Global agribusiness leader with the largest palm oil refining footprint worldwide and broad oils & fats, oleochemicals, and consumer products. Operates as a much larger incumbent overlapping FGV IFFCO's refining, specialty fats, and branded cooking oils.
• Cargill Incorporated: Global agricultural commodities and food ingredients company with major palm oil origination, refining, and specialty fats operations. Overlaps FGV IFFCO across oils processing, specialty fats, and animal feed fats.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fgviffco

Compliance12 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 IFFCO