FGV Annual Report 2020

FGV AGRO VALLEY InMay 2020, FGV and its public listed subsidiary MSMMalaysia Holdings Berhad entered into a commercial arrangement for FGV to develop a new agricultural growth area called FGV Agro Valley in Chuping, Perlis. The FGV Agro Valley is a 4,499 ha development that is expected to redefine the agricultural landscape of Perlis with its Industrial Revolution 4.0 approaches by incorporatingmodern technologies andmechanisms, sustainable development priorities and value added products. FGV Agro Valley’s primary focus is integrated dairy farming and high value cash crop agriculture. It is set to play an important role in building up Malaysia’s agribusiness industry that is promoted for national food security. In addition, the development is expected to create the Malaysian economy that is currently on a downward trend due to the impact of the COVID-19 pandemic. The development of FGV Agro Food Valley is expected to create 300 jobs for the local community and business opportunities to youth farmers, especially those from the B40 group, who can participate in contract farming, logistics and the supply of goods and services. With our target to become one of the leading food hubs in Malaysia, delivering sustainable value to shareholders and better livelihood for the local community while being environmentally responsible. FGV Agro Food Valley will continue to fortify the national agro-food sector whilst assuring food security for the country. UPSTREAM MIDSTREAM DOWNSTREAM MARKET & CONSUMER Fodder Corn MD2 Pineapple Plantation Harumanis Mango Plantation Packaging Centre Fresh Fruits Puree Dried Fruits Fruits Export Controlled Environment Dairy Farm Fresh Milk Collection Centre Fresh Milk Processing Factory Pasteurised Milk, UHT Milk, Yogurt, Cheese, Ice Cream and Yogurt Integrated Dairy Farming Integrated High value cash crop Plantation 1 1 2 3 6 4 5 2 3 4 5 Juice Agriculture 4.0 Packed Fertiliser Bio-methane FGV R&D Organic Fertiliser Farm Biogas Crop Rotation Consumer Products Restoring Soil Fertility FGV Transport circular economy agriculture 4.0 circular economy agriculture 4.0 63 Who We Are How We Operate How We Are Governed Additional Information Sustainability Matters Statement & Discussion By Our Leaders