| 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)[1] |
| Founded | 1906 |
| Headquarters | Ipoh, Perak, Malaysia |
| Key people | R. M. Alias - Chairman Tan Sri Dato' Seri Lee Oi Hian - CEO Dato' Lee Hau Hian Tan Sri Dato' Thong Yaw Hong Datuk Abdul Rahman bin Mohd. Ramli Dato' Yeoh Eng Khoon Roy Lim Kiam Chye Kwok Kian Hai[2] Olivier Meurzec Lim Hong Joon A. K. Yeow [3] |
| Revenue | MYR 7,490.6 million (2010)[4] |
| Operating income | MYR 1,409.2 million(2010)[4] |
| Net income | MYR 1,012.3 million (2010)[4] |
| Total assets | MYR 5,440,741 million (2010)[5] |
| Employees | 25,000[6] |
| Website | www.klk.com.my |
Kuala Lumpur Kepong Bhd. (MYX: 2445) 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[5] in Malaysia(Peninsular and Sabah) and Indonesia (Belitung, Sumatra and Kalimantan). Since 1990s, the company has diversified its business activities such as resource-based manufacturing (oleochemicals,derivatives and specialty 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.[7] KLK was ranked 1816th[8] in the Forbes Global 2000 Leading Companies, with market cap of USD 7.26 billion.
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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.[9] 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.[5] As of September 2010, the geographical distribution of the group's plantations is as follows:
| Region | Area (ha.) | Percentage | Total |
|---|---|---|---|
| Peninsular Malaysia | 69,261 | 28% | 248,746 (100%) |
| Sabah, Malaysia | 40,359 | 16% | |
| Indonesia | 139,126 | 56% |
The core division of the sector is KLK Oleo, one of the largest palm oil based oleochemicals producer in the world. KLK marked it entrance into oleochemicals back in 1991, with the opening of Palm-Oleo Sdn. Bhd. Currently, KLK Oleo consists of nine companies, six in Malaysia, two in China and one in Europe . The full list of the companies is shown below.
| Country | Company | Business |
|---|---|---|
| Malaysia | Palm-Oleo Sdn. Bhd. | Fatty Acids & Glycerin |
| KSP Manufacturing Sdn. Bhd. | Soap Noodles | |
| Palmamide Sdn. Bhd. | Ethylene Bis-Stearamide & Alkanolamides (Diethanolamides/Monoethanolamides) | |
| KL-Kepong Oleomas Sdn. Bhd. | Fatty Alcohols, Methyl Esters& Methyl Ester Sulfonate | |
| Palm-Oleo (Klang) Sdn. Bhd. | Fatty Acids, Glycerine, Soap Noodles & Fatty Esters | |
| KLK Bioenergy Sdn. Bhd. | Biodiesel | |
| China | Taiko Palm-Oleo (Zhangjiagang) Co., Ltd. | Fatty Acids and Glycerine, soap noodles, & soap bars |
| Shanghai Jinshan Jingwei Chemical Co., Ltd. | Amines, dimethylacetamide, esters, & surfactants | |
| Germany | KLK Emmerich GmbH | Fatty acids, hydrogenated fatty acids & glycerine |
KLK also owns Dr. W. Kolb Holding AG, a producer of nonionic surfactant in Switzerland and Stolthaven(Westport) Sdn. Bhd., a common user liquid storage terminal at Westport, Port Klang.
KLK owns KL-Kepong Country Homes Sdn. Bhd. Notable residential areas developed by KLK are Desa Coalfields & Bandar Seri Coalfields, both in Sungai Buloh, Selangor.
Crabtree & Evelyn is a retailer of personal care products, toiletries, home fragrance products and fine foods with the headquarters in Woodstock, Connecticut, USA. The brand is sold in 40 countries.[11]