Kuala Lumpur Kepong Berhad
Kuala Lumpur Kepong Berhad is a Malaysian multi-national company. The core business of the group is plantation. The company has plantations that cover more than 250,000 hectares in Malaysia and Indonesia. Since the 1990s, the company has diversified its business activities such as resource-based manufacturing, property development and retailing with worldwide presence. The company is listed on the Bursa Malaysia and is Malaysia's third-largest palm oil producer. KLK was ranked 1858th in the 2013 Forbes Global 2000 Leading Companies, with market cap of USD 6.91 billion. In 2014, KLK was ranked 23rd most valuable Malaysia brand on the Malaysia 100 2014 with a brand value of USD 364 million.
The late Thong Yaw Hong, secretary general of the Malaysian Treasury, sat on the board of KLK.
Lee Oi Hian, the CEO of KLK, is or was chairman of the board of trustees of the Malaysian Palm Oil Council.
History
The Kuala Lumpur Rubber Company, Limited (KLR) (1906–1960)
KLR was founded in London, in 1906 to oversee some 600 ha. plantations in Malaya. In 1907, the shares of KLR were listed on the London Stock Exchange.Kuala Lumpur-Kepong Amalgamated Limited (KLKA) (1960–1973)
In 1960, KLR changed its name to KLKA. The group started to plant oil palm in Fraser Estate. The group's first mill, the Fraser Mill was opened in 1967. In 1971, KLKA opened its Head Office in Kuala Lumpur. The next year, KLKA's tax residence was transferred from the United Kingdom to Malaysia.Kuala Lumpur Kepong Berhad (KLK) (1973–present)
In 1973, Kuala Lumpur Kepong Berhad was incorporated in Malaysia and under a Scheme of Reconstruction, KLKA went into voluntary liquidation with KLK taking over the assets and liabilities of KLKA. The company's shares is listed on the stock exchanges of Kuala Lumpur, Singapore and London. In 1979, the Head Office was moved from Kuala Lumpur to Ladang Pinji, Perak.Business activities
Plantation
Plantation is the core business of KLK. Currently, KLK has more than 250,000 ha. of plantations areas in Malaysia and Indonesia. The annual production for fresh fruit bunches is 3.1 million tonnes. KLK's own mills and refineries will then process the crop into crude palm oil, RBD palm olein and stearin, and kernel oil and cake. Meanwhile, in 2010, the production of rubber was approximately 23 million kg. It is among the few companies, that have been prosecuted for open burning so far.As of September 2010, the geographical distribution of the group's plantations is as follows:
Region | Area | Percentage | Total |
Peninsular Malaysia | 69,261 | 28% | 248,746 |
Sabah, Malaysia | 40,359 | 16% | 248,746 |
Indonesia | 139,126 | 56% | 248,746 |
Resource-based manufacturing
Oleochemicalshttp://www.klkoleo.com.my/en/index.php?m=about&c=companies KLK Oleo About Us
The core division of the sector is KLK Oleo, one of the largest palm oil based oleochemicals producer in the world. KLK marked it entrance into oleochemicals back in 1991, with the opening of Palm-Oleo Sdn. Bhd. Currently, KLK Oleo consists of nine companies, six in Malaysia, two in China and one in Europe. The full list of the companies is shown below.Country | Company | Business |
Malaysia | Palm-Oleo Sdn. Bhd. | Fatty Acids & Glycerin |
Malaysia | KSP Manufacturing Sdn. Bhd. | Soap Noodles |
Malaysia | Palmamide Sdn. Bhd. | Ethylene Bis-Stearamide & Alkanolamides |
Malaysia | KL-Kepong Oleomas Sdn. Bhd. | Fatty Alcohols, Methyl Esters & Methyl Ester Sulfonate |
Malaysia | Palm-Oleo Sdn. Bhd. | Fatty Acids, Glycerine, Soap Noodles & Fatty Esters |
Malaysia | KLK Bioenergy Sdn. Bhd. | Biodiesel |
China | Taiko Palm-Oleo Co., Ltd. | Fatty Acids and Glycerine, soap noodles, & soap bars |
China | Shanghai Jinshan Jingwei Chemical Co., Ltd. | Amines, dimethylacetamide, esters, & surfactants |
Germany | KLK Emmerich GmbH | Fatty acids, hydrogenated fatty acids & glycerine |