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FGV seeks greenfield land acquisitions in Kalimantan

Mimi Sabreena 5:19:00 PM Informasi

KUALA LUMPUR (Nov 23): Felda Global Ventures Holdings Bhd (FGV), the world's largest crude palm oil (CPO) producer, is on the lookout for greenfield lands in Kalimantan, Indonesia, that are suitable for plantation, said its president and chief executive officer Datuk Zakaria Ashad.

"We have enough expertise when it comes to plantation. That's why we want to buy land and plant on our own instead of looking for brownfield projects to acquire," he told a press conference to announce the group's third-quarter financial results today.

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