Company type | Public limited company |
---|---|
MYX: 2445 | |
ISIN | MYL2445OO004 |
Industry | Plantation (core business), manufacturing (resource-based), property, retailing |
Predecessor | The Kuala Lumpur Rubber Company, Limited (KLR) (1906–1960) Kuala Lumpur-Kepong Amalgamated Limited (KLKA) (1960–1973) [1] |
Founded | 1906 |
Headquarters | Wisma Taiko, No. 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak, Malaysia |
Key people | R. M. Alias, Chairman Lee Oi Hian, CEO |
Revenue | MYR 7,490.6 million (2010) [2] |
MYR 1,409.2 million(2010) [2] | |
MYR 1,012.3 million (2010) [2] | |
Total assets | MYR 5,440,741 million (2010) [3] |
Number of employees | 38,000 [4] |
Website | www |
Kuala Lumpur Kepong Berhad (KLK) (MYX : 2445) is a Malaysian multi-national company. The core business of the group is plantation (oil palm and rubber). The company has plantations that cover more than 250,000 hectares [3] in Malaysia (both Peninsular and Sabah) and Indonesia (Belitung, Sumatra and Kalimantan). Since the 1990s, the company has diversified its business activities such as resource-based manufacturing (oleochemicals, derivatives and speciality chemicals), property development and retailing (personal care products, toiletries and fine foods) with worldwide presence. The company is listed on the Bursa Malaysia and is Malaysia's third-largest palm oil producer. [5] KLK was ranked 1858th [6] in the 2013 Forbes Global 2000 Leading Companies, with market cap of USD 6.91 billion. In 2014, KLK was ranked 23rd most valuable Malaysia brand on the Malaysia 100 2014 with a brand value of USD 364 million. [7] The late Thong Yaw Hong, (former) secretary general of the Malaysian Treasury, sat on the board of KLK. [8] [9] Lee Oi Hian, the CEO of KLK, is or was chairman of the board of trustees of the Malaysian Palm Oil Council. [10]
KLR was founded in London, in 1906 to oversee some 600 ha. plantations (rubber and coffee) in Malaya (now Malaysia). In 1907, the shares of KLR were listed on the London Stock Exchange.
In 1960, KLR changed its name to KLKA. The group started to plant oil palm in Fraser Estate. The group's first mill, the Fraser Mill was opened in 1967. In 1971, KLKA opened its Head Office in Kuala Lumpur. The next year, KLKA's tax residence was transferred from the United Kingdom to Malaysia.
In 1973, Kuala Lumpur Kepong Berhad (KLK) was incorporated in Malaysia and under a Scheme of Reconstruction, KLKA went into voluntary liquidation with KLK taking over the assets and liabilities of KLKA. The company's shares is listed on the stock exchanges of Kuala Lumpur, Singapore and London. In 1979, the Head Office was moved from Kuala Lumpur to Ladang Pinji, Perak.
Plantation is the core business of KLK. Currently, KLK has more than 250,000 ha. of plantations areas in Malaysia and Indonesia. The annual production for fresh fruit bunches (FFB) is 3.1 million tonnes. [11] KLK's own mills and refineries will then process the crop into crude palm oil, RBD palm olein and stearin, and kernel oil and cake. Meanwhile, in 2010, the production of rubber was approximately 23 million kg. [3] It is among the few companies, that have been prosecuted for open burning so far. [12] As of September 2010, the geographical distribution of the group's plantations is as follows:
Region | Area (ha.) | Percentage | Total |
---|---|---|---|
Peninsular Malaysia | 69,261 | 28% | 248,746 (100%) |
Sabah, Malaysia | 40,359 | 16% | |
Indonesia | 139,126 | 56% |
The core division of the sector is KLK Oleo, one of the largest palm oil based oleochemicals producer in the world. KLK marked it entrance into oleochemicals back in 1991, with the opening of Palm-Oleo Sdn. Bhd. Currently, KLK Oleo consists of nine companies, six in Malaysia, two in China and one in Europe (situated in Emmerich am Rhein, Germany). The full list of the companies is shown below.
Country | Company | Business |
---|---|---|
Malaysia | Palm-Oleo Sdn. Bhd. | Fatty acids & glycerin |
KSP Manufacturing Sdn. Bhd. | Soap Noodles | |
Palmamide Sdn. Bhd. | Ethylene Bis-Stearamide & Alkanolamides (Diethanolamides/Monoethanolamides) | |
KL-Kepong Oleomas Sdn. Bhd. | Fatty Alcohols, Methyl Esters & Methyl Ester Sulfonate | |
Palm-Oleo (Klang) Sdn. Bhd. | Fatty Acids, Glycerine, Soap Noodles & Fatty Esters | |
KLK Bioenergy Sdn. Bhd. | Biodiesel | |
China | Taiko Palm-Oleo (Zhangjiagang) Co., Ltd. | Fatty acids and glycerine, soap noodles, & soap bars |
Shanghai Jinshan Jingwei Chemical Co., Ltd. | Amines, dimethylacetamide, esters, & surfactants | |
Germany | KLK Emmerich GmbH | Fatty acids, hydrogenated fatty acids & glycerine |
KLK also owns Dr. W. Kolb Holding AG, a producer of nonionic surfactant with their headquarters in Switzerland and Stolthaven (Westport) Sdn. Bhd., a common user liquid storage terminal at Westport, Port Klang.
The production factories of Dr.W.Kolb AG are located below:
KLK owns KL-Kepong Country Homes Sdn. Bhd. Notable residential areas developed by KLK are Desa Coalfields and Seri Coalfields, both in Sungai Buloh, Selangor.
Crabtree & Evelyn is a retailer of personal care products, toiletries, home fragrance products and fine foods with the headquarters in Woodstock, Connecticut, USA. The brand is sold in 40 countries. [14] In early 2012, the Crabtree & Evelyn business was sold to Khuan Choo International Limited for US$155 million. [15]
Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.
Golden Hope Plantations Berhad (GHPB) was an estate and plantations company in Malaysia.
IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates. It ventured into property development in 1984, followed by oil palm plantations and refineries in 1985. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961—now known as Bursa Malaysia—in 1980.
K R Somasundram is a Malaysian Indian. Born in Teluk Intan, Malaysia in 1930, he was the son of a grocer who gained prominence by heading the National Land Finance Co-Operative for the last two and a half decades.
Crabtree & Evelyn was a retailer of body, fragrance and home care products. Beginning with one store in Cambridge, Massachusetts, in 1971, the brand grew to an international presence, with hundreds of locations globally.
Lembaga Tabung Haji (Jawi: تابوڠ حاج ; Arabic صندوق الحج) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles. Through its subsidiaries, the company also engaged in other industries such as finance, hospitality, property, plantation and information technology.
Lee Shin Cheng was a Malaysian business magnate, investor, and philanthropist. Lee Shin Cheng headed IOI Corporation Berhad, better known as IOI Group, as its executive chairman. IOI is a conglomerate managing oil palm plantations, producing specialty fats and oleochemicals, and is developing properties in Malaysia, Indonesia, the United States, and Europe. The IOI refinery in Rotterdam, Netherlands is the largest palm oil refinery in Europe. IOI's oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives. IOI Group is a leading real estate developer in Malaysia. Projects include townships, shopping malls, condominiums, office towers, and resorts.
Malaysia Airports Holdings Berhad is a Malaysian airport management company that manages most of the airports in Malaysia. The firm was recently awarded the duty to manage airports in international destinations. It has its head office in the Malaysia Airports Corporate Office in the Persiaran Korporat KLIA in Kuala Lumpur International Airport (KLIA), Sepang, Selangor.
IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad. Its core business activities encompass construction, property development, manufacturing and quarrying, Infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM's regional aspirations have seen it establish a growing presence in neighbouring developing markets with operations presently spanning 10 countries, with primary focus in Malaysia, Singapore, Australia, United Arab Emirates, China, Indonesia and India.
Kulim (Malaysia) Berhad is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia. The company also manufactures rubber-based products, oleochemicals, and esters; produces oil palm clones by plant tissue culture technology; and distributes tropical fruits, as well as engaging in crude palm oil processing. The Corporate Office of Kulim (Malaysia) Berhad is located at Johor, Malaysia.
Taman Bukit Maluri is a township in Segambut constituency, Kuala Lumpur, Malaysia. This township is located in Kepong adjacent to Menjalara to the south and Segambut to the east.
Perbadanan Nasional Berhad was set up in November 1969 as a wholly owned government company to carry out the resolutions at the Second Bumiputera Economic Congress. Among the major shareholders included were Malaysia's Ministry of Finance, Bank Negara Malaysia and Bank Bumiputera Malaysia Berhad. Pernas was put under a solid footing under the chairmanship of Tengku Razaleigh Hamzah (1970–1974) who had been the Minister of Finance from 1976 to 1984.
PPB Group Berhad is a Malaysian diversified conglomerate which engages in food production, agriculture, waste management, film distribution, property investment and development. PPB is also the single largest shareholder of Wilmar International, one of the leading palm oil producers and agribusiness companies in the world.
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Duta Palma is a palm oil company from Indonesia. It is a subsidiary of Darmex Agro Holdings. It has significant land banks.
PT Adei Plantation and Industry is a palm oil company from Indonesia. It is a subsidiary of Malaysia's Kuala Lumpur Kepong Berhad (KLK).
TH Plantations Berhad is a Malaysian palm oil company. It was established in 1972. It has major activity in Indonesia. Its chairman is Yusof Basiran. There was fire on its land in 2013. It is owned at 73.83% by the government-run Tabung Haji (2016). A notable director is Dato' Noordin bin Md Noor, who has long-standing activity in politics.
Emery Oleochemicals is a global oleochemical company. Emery operates production plants in the United States and Germany. Its products serve a wide range of industries, including agriculture, heavy industry and consumer products. The company is a 50:50 joint venture between PTT Global Chemical of Thailand and Sime Darby Plantation of Malaysia.
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