17/07/2014 (Bernama) - Felda Global Ventures Holdings Bhd (FGV), the world's largest palm oil producer, plans to list potential companies under its six clusters on Bursa Malaysia.

Its chief executive officer, Mohd Emir Mavani Abdullah, said FGV was still in the process of identifying potential companies for listing.

He said there were several companies under each cluster, and FGV was looking at individual companies that were ready for listing.

"But not now. It won't happen this year," he told a press conference after presenting RM420,000 aid to 438 underprivileged from its RM1.1 million annual Ramadan contribution here Wednesday.

FGV has more than 15 companies under its six clusters, namely oil palm upstream, oil palm downstream, sugar, rubber, research and development, and transport, logistics, marketing and others (TLMO).

On its target of growing its revenue to RM100 billion in six years, he said FGV was driven by its land bank and upstream expansion, apart from downstream activities that would create product value chain and optimising internal operations.

On regional expansion, Mohd Emir said FGV was also in the process of acquiring rubber mills in Myanmar and Cambodia by year-end.

The group also plans to set up rubber distribution centres in Chennai, India and Vietnam by year-end.