Initiatives Achievements • Product Portfolio Expansion: Expanded Kosher/Halal and United States (U.S) Food and Drug Administration (FDA)-certified product offerings. • Volume Growth Acceleration: Unlocked significant volume growth in new and existing markets. • Profitability Optimisation: Increased the availability of high-margin products. • Sustainability Leadership: Produced Malaysia’s first Crude Palm Kernel Oil (CPKO) in accordance with EUDR requirements. • Production Capacity Expansion: Launched the new Fract750 refinery plant at Kuantan Port to enhance high IV olein and premium palm oil production. • Market Entry: Entered the kosher glycerine market through Twin Rivers Technologies (TRT), leveraging a transformed production system. • Brand Recognition Growth: Received recognition for the SAJI brand from Kantar as the “Top Outstanding Brand with the Most Incremental Shoppers.” • Retail Innovation: Introduced the PREMEO brand for the retail market, featuring four SKUs, including Palm & Sunflower and Palm & Canola blends. MARKET STRENGTHENING & PENETRATION MARKET Key Focus Areas Strategic Capital Deployment • Implement a comprehensive food strategy. • Strengthen our brand presence. • Foster partnerships with established organisations. • Establish overseas bases with a global mindset. • Optimise the supply chain for greater efficiency. Expanding and deepening market presence by implementing a comprehensive food strategy, strengthening brand positioning, forging strategic partnerships, and optimising the supply chain to unlock new growth opportunities. The strategic performance review, guided by the Business Plan 2024–2026, focuses on four key areas: market strengthening and penetration, operational excellence and digitalisation, financial management and cost optimisation, and embedding sustainability. These strategic priorities are integral to driving business growth, enhancing performance, and delivering long-term value for stakeholders. Financial Capital: Directs capital investments towards expanding high-margin products, obtaining international certifications, and increasing global brand equity. Manufactured Capital: Optimises production and distribution networks to support market expansion and ensure consistent supply chain efficiency. Social and Relationship Capital: Strengthens relationships with certification agencies, regulatory bodies, and business partners to enhance market entry and compliance. Human Capital: Equips commercial teams with expertise in global trade, strategic marketing, and market penetration strategies to drive expansion. Intellectual Capital: Utilises market intelligence and consumer insights to develop premium, sustainable products that cater to evolving market trends. • Explore new markets in Asia, the Middle East, and West Africa. • Strategic positioning and competitive pricing which can open up new business opportunities. • Expand high-margin and specialty products e.g., Halal, Kosher oleo market, Cocoa Butter Substitutes & High IV products. • Diversify product offerings beyond crude palm oil, including high IV olein and other premium palm oil products. Enhance value across the supply chain by optimising processes, strengthening partnerships, and driving innovation from sourcing to customer delivery to improve efficiency, sustainability, and profitability. Short to Medium-Term Priorities Long-Term Priorities Strategic Thrusts: Material Matters: SDGs: EI BD TR OE 60 FGV Holdings Berhad | Annual Integrated Report 2024 Strategic Performance Review
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