FGV IFFCO
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.
- Company typePrivate
- Founded2006
- HeadquartersPort Klang, Malaysia
- Headcount101–250
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
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).
FGV IFFCO firmographics
Firmographics- 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
FGV IFFCO industry classification
Industry- 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
Where FGV IFFCO is headquartered
LocationHeadquarters
- HQ city
- Port Klang
- HQ country
- Malaysia
- HQ region
- Asia
Offices6 records
Markets served
FGV IFFCO business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- 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.
- 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.
- HORECA Channel: Sales to Hotel, Restaurant and Cafe sector including specialty oils and fats for professional food service applications.
- Animal Feed Products: Sale of fat products for animal feed formulation for dairy cattle, poultry, broilers and livestock.
- 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
FGV IFFCO product offering
Product offeringCore 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
Companies that use FGV IFFCO
Customer profileSegments4 records
Ideal customer profiles2 records
FGV IFFCO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
FGV IFFCO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gas Malaysia Energy Advance Sdn Bhd (GMEA)coreGMEA, 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
FGV IFFCO competitors and assessment
Company assessmentDirect 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
FGV IFFCO social profiles
Digital presenceFGV IFFCO compliance and trust
Trust signalCompliance12 records
FGV IFFCO financial estimates
Financial estimateRevenue estimate
Valuation estimate
FGV IFFCO leadership team
Management profileNumber of profiles
Profiles1 record
FGV IFFCO subsidiaries and ownership
Company hierarchySubsidiaries3 records
FGV IFFCO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FGV IFFCO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FGV IFFCO
What does FGV IFFCO do?
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.
Is FGV IFFCO a public or private company?
FGV IFFCO is a private company. It is classified as corporate owned and is currently operating.
When was FGV IFFCO founded?
FGV IFFCO was founded in 2006. It employs 101 to 250 people.
Where is FGV IFFCO based?
FGV IFFCO is headquartered in Port Klang, Malaysia, in the Asia region.
How does FGV IFFCO make money?
Five revenue lines are on record. Vegetable Oil B2B Sales are the primary driver. The others are B2C Branded Products, HORECA Channel, animal Feed Products and non-Food Industrial Applications.
Who are FGV IFFCO's main competitors?
Direct peers on record are Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad (KLK), Musim Mas Group, AAK (AarhusKarlshamn) and Mewah International Inc.. Broad incumbents are OLAM International (ofi), Bunge Limited, Wilmar International and Cargill Incorporated.
Does FGV IFFCO have an API?
No public API is recorded for FGV IFFCO.
What industry is FGV IFFCO in?
FGV IFFCO's product category is Vegetable Oils and Specialty Fats. Its primary akta.pro industry code is AFAKAEAB, Palm Oil Milling, Refining & Fractionation, with a secondary code of AFAJALAD, Tropical Oils & Fractions (Palm, Palm Kernel, Coconut). Its NAICS code is 311225 and its SIC code is 2070.