137 ANNUAL INTEGRATED REPORT 2021 HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFORMATION Topics FGV’s response Business Strategy and Divestment FGV’s business strategy for the next 12 months Plantation • FGV will continue to improve productivity and lower costs by improving yields through replanting and mechanisation initiatives and increasing OER from stringent process control Sugar • MSM is concentrating on increasing yield and capacity utilisation, which will reduce refining costs • For the asset maximisation plan, MSM will continue to expand its regional export presence and foster more volume to major export destinations such as Vietnam, Singapore, and South Korea LO • LO has commenced third-party logistics (3PL) services by leveraging on its new curtain siders and in-house developed Warehouse Management System (WMS) • LO has built up a mixed portfolio of customers from various industries such as oil & gas, ports, telecommunications, energy, defence, automotive, fast-moving consumer product (FMCG) and e-commerce to strengthen LO business position • To focus on market expansion and diversification while enhancing its operational effectiveness Privatisation of FGV • Bursa Malaysia has granted FGV the third extension until 3 August 2022 for FGV to rectify the shareholding spread • FELDA through its letter dated 23 February 2022 reiterated its intention not to maintain the listing status of FGV • FELDA will notify FGV or make the relevant announcement once FELDA is in a position to do so We have made good strides during the year by harnessing synergies and delivering values.” – Dato’ Dzulkifli
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