FGV Annual Report 2015

63 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 In the near term, R&D and Agri-Services has laid out a number of strategic priorities for 2016. Under the ‘Creation of Revenue Programme’, it will introduce and adopt a new enzyme technology to increase the Oil Extraction Rate (OER) of palms. The new technology will be applied at all Group’s mills and we look forward to incremental OER with the use of this innovation. In 2016, the Cluster hopes to introduce Ganoderma Tolerant Planting (GTP) material. The use of this planting material will breed us crops that are resistance to Ganoderma, reducing the incidence of severe disease in the next generation of plantings and bearing greater yields. This is also an ideal solution to basal stem rot disease amongst oil palms. We are also eyeing into commercializing beneficial microbes products for promoting plant growth and protection from disease such as Ganoderma. The R&D and Agri-Services Cluster will look into intensifying its market penetration overseas. Its seeds business is eyeing a greater presence in IndoChina and South Africa. This will be attempted in a few ways, such as, appointing distributors in Sri Lanka, Cambodia and Nigeria. In foreign countries, the Cluster intends to pursue collaborations with local players. In the fertiliser area, we will narrowour area of focus on special compound products and technical support in oil palm-based knowledge. While strengthening our niche, the fertiliser unit will leverage collaborations with Malaysian plantations companies and foreign corporations to fortify our positions in Indonesia, Myanmar and Philippines. Business Operations Review Research & Development (R&D) and Agri-Services Our Strategic Priorities Moving Forward 1 2 3 Creation of Revenue Programme Introduction and adoption of new enzyme technology to increase OER R&D Introduction of compact and Ganoderma tolerant planting material Market Penetratiom Intensification of market penetration in overseas markets for planting materials and fertiliser To become a leading research institution in oil palm, rubber and sugar