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History & Milestones
HISTORY

MSM Malaysia Holdings Berhad (MSM), incorporated on 10 March 2011, possesses a sugar heritage that dates back to the formation of Malayan Sugar Manufacturing Company Limited (MSM Co.) - a joint venture between Kuok Brothers Sdn Bhd, Mitsui & Co. and Nissin Sugar Manufacturing Company that was established to reduce Malaysia's dependence on imported refined sugar.

On 26 May 1971, another private limited company Kilang Gula Felda Perlis Sendirian Berhad (KGFP) was incorporated as part of the Perlis Sugar Project, to diversify and develop Malaysia's agro-based industries.

Until 2010, PPB Group Berhad (PPB) had a 100 percent interest in MSM Co. and a 50 percent interest in KGFP, and also owned 5,698 hectares of sugar cane plantation land in Chuping, Perlis. In January 2010, Felda Global Ventures Holdings Berhad (Felda Global) acquired PPB's entire sugar business in Malaysia and a 20 percent stake in Tradewinds (M) Berhad for a total consideration of RM1.5 billion.

The acquisition transformed Felda Global into a dominant sugar player in the country and led to the listing of MSM on Bursa Malaysia Securities Berhad's (Bursa Malaysia) Main Market in June 2011 - presenting the public with a chance to participate exclusively in Malaysia's sugar business for the first time ever.

Today, MSM is one of the top 60 companies on Bursa Malaysia with a market capitalisation of RM2.4 billion.
MILESTONES

1964MSM Facility commences operations in Prai, Penang
1973KGFP Facility commences milling and refinery operations in Chuping, Perlis
1976MSM Facility embarks on automation of production processes
1980KGFP Facility commences imported raw sugar refining operations
1990KGFP Facility increases refining capacity to 41,000 mt per year
1992MSM's warehouse at Sungai Buloh commences operations with rail connection from MSM facility in Prai
2002MSM's warehouse at Johor Bahru commences operations with rail connection from MSM facility in Prai
2007MSM Facility increases refining capacity to 800,000 mt per year
2010Refining capacities increased to 960,000 mt per year at MSM Facility and to 150,000 mt per year at KGFP
2010Felda Group acquires PPB Group’s interest in MSM & KGFP
2011Incorporation of MSM Malaysia Holdings Berhad (MSM) on 10 March 2011
2011Completion of the Pre-Listing Restructuring
2011MSM Malaysia Holdings Berhad was listed on the Main Market of Bursa Malaysia Securities Berhad on 28 June 2011
2012KGFP has ceased its sugar cane plantation and cane milling operation


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Platinum Park,
No. 11 Persiaran KLCC,
50088 Kuala Lumpur.
+603 2181 5018
+603 2181 5015


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