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Overview
MSM Malaysia Holdings Berhad (MSM), incorporated on 10 March 2011, is
Malaysia’s leading sugar producer. It was listed on the Main Market of
Bursa Malaysia Securities Berhad on 28 June 2011.
MSM operates the sugar business of Felda Global Ventures Holdings
Berhad. It produces, markets and sells refined sugar products. The
company conducts its business principally through two operating
subsidiaries, Malayan Sugar Manufacturing Company Bhd and Kilang Gula
Felda Perlis Sdn Bhd (KGFP) which were established in 1959 and 1971,
respectively. These operating subsidiaries operate refineries in Prai,
Penang, and Chuping, Perlis with a combined annual production capacity
of over 1.1 million tonnes of refined sugar products. In 2013, MSM
produced 934,050 tonnes of refined sugar products, accounting for
approximately 57% of total sugar production in Malaysia.
The company offers a variety of products ranging from white refined
sugar of various grain sizes to soft brown sugar. These are marketed and
sold in a variety of packaging options under two brands – “Gula Prai”
and “Gula Perlis”. The Company also sells molasses, a by-product of the
refining process, to distilleries and producers of ethanol, animal feed
and yeast, among other products.
MSM sells to a wide range of customers in Malaysia and in other
countries directly and indirectly through traders, wholesalers and
distributors. Its customers include major companies in the beverage and
confectionery industries, hotels, restaurants, food outlets and
household consumers.