Publicly traded company | |
Traded as | MYX: |
ISIN | MYL2445OO004 |
Industry | Plantation (core business), manufacturing (resource-based), property, retailing |
Predecessor | The Kuala Lumpur Rubber Company, Limited (KLR)(1906–1960) Kuala Lumpur-Kepong Amalgamated Limited (KLKA) (1960–1973) |
Founded | 1906 |
Headquarters | Wisma Taiko, 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak, Malaysia |
Key people
|
R. M. Alias, Chairman Lee Oi Hian, CEO |
Revenue | MYR 7,490.6 million (2010) |
MYR 1,409.2 million(2010) | |
MYR 1,012.3 million (2010) | |
Total assets | MYR 5,440,741 million (2010) |
Number of employees
|
38,000 |
Website | www |
Kuala Lumpur Kepong Berhad (KLK) (MYX: ) is a Malaysian multi-national company. The core business of the group is plantation (oil palm and rubber). The company has plantations that cover more than 250,000 hectares in Malaysia (Peninsular and Sabah) and Indonesia (Belitung, Sumatra and Kalimantan). Since the 1990s, the company has diversified its business activities such as resource-based manufacturing (oleochemicals, derivatives and speciality chemicals), property development and retailing (personal care products, toiletries and fine foods) 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 Tan Sri Dato' Thong Yaw Hong, (former) secretary general of the Malaysian Treasury, sat on the board of KLK. Dato ' Lee Oi Hian, the CEO of KLK, is or was chairman of the board of trustees of the Malaysian Palm Oil Council.
KLR was founded in London, in 1906 to oversee some 600 ha. plantations (rubber and coffee) in Malaya (now Malaysia). In 1907, the shares of KLR were listed on the London Stock Exchange.
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.
In 1973, Kuala Lumpur Kepong Berhad ("KLK") 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.
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 (FFB) 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: