FGV SETS ASIDE

Al­lo­ca­tion for 2 units to help im­prove up­stream, down­stream tech­nolo­gies

New Straits Times - - Business -

JER­AN­TUT

FELDA Global Ven­tures Hold­ings Bhd (FGV) is al­lo­cat­ing RM40 mil­lion a year for re­search and de­vel­op­ment (R&D) ac­tiv­i­ties at FGV R&D Sdn Bhd and FGV Ap­plied Tech­nolo­gies Sdn Bhd (FGVAT) in bid to im­prove up­stream and down­stream tech­nolo­gies.

FGV R&D chief ex­ec­u­tive of­fi­cer (CEO) Dr Sharifah Shahrul Rabiah Syed Alwee said FGV R&D was tasked with up­stream R&D ac­tiv­i­ties in­volv­ing bi­o­log­i­cal sciences stud­ies, while FGVAT was tasked with down­stream R&D, in­clud­ing food and non-food ap­pli­ca­tions of palm oil.

She said RM30 mil­lion was al­lo­cated for FGV R&D and RM10 mil­lion for FGVAT.

“FGV R&D’s al­lo­ca­tion is fully funded by Felda Agri­cul­tural Ser­vices Sdn Bhd (FASSB), a unit en­trusted with com­mer­cial­is­ing the up­stream R&D out­put, while FGVAT gets its al­lo­ca­tion from other FGV en­ti­ties.

“Through the prod­uct com­mer­cial­i­sa­tion, some of FASSB prof­its will be ploughed back into R&D,” said Sharifah dur­ing a me­dia fa­mil­iari­sa­tion trip to

FGV R&D’s fa­cil­i­ties in En­stek, Ne­gri Sem­bi­lan, and Tekam, Pa­hang, re­cently.

FASSB was al­lo­cated 12,000ha, of which 2,400ha are used for R&D pur­poses like breed­ing tri­als, agron­omy tri­als and crop pro­tec­tion tri­als, while the rest are used for com­mer­cial plan­ta­tion that adopts R&D find­ings.

“That is why this plan­ta­tion has a higher yield­ing, com­pared with other FGV’s plan­ta­tions, and it is also FASSB’s main rev­enue gen­er­a­tor, ” she added.

FASSB reg­is­tered a rev­enue

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