Felda Global eyes forays into India, Pakistan and Bangladesh this year

Felda Global Ventures¿ Holdings Sdn Bhd¿s (FGV) plans to penetrate the European Union with its palm oil products now that it has established a gateway into Europe via Turkey-based company, Felda-Iffco Gida Sanayi ve Ticaret, a JV between FGV and Dubai-based Iffco Holdings Ltd. The Felda-Iffco refinery in Turkey has a 3.2% share of the palm oil market in the country and it plans to increase it to 8.4% next year. Sept 2011. The refinery will carry Felda-Iffco's palm products on top of its existing soy bean oil and sunflower oil products. Here, some workers watching over the production line.

CEBU CITY: Felda Global Ventures Holdings Bhd (FGV), the world’s third largest oil palm plantation operator, is eyeing a bigger external network and tapping the Pakistan, India and Bangladesh markets this year.

Senior vice-president and acting head of downstream, Zakaria Arshad, said these countries offered tremendous business potential, especially in exporting the downstream products which FGV has to offer.