PPB Group

PPB Group Berhad

Formerly called	Perlis Plantations Berhad
Type	Publicly traded company
Traded as	MYX:
ISIN	MYL4065OO008
Industry	Food production Agriculture Waste management Film distribution Property investment Property development
Founded	1968; 49 years ago (1968) as Perlis Plantations Berhad
Founder	Robert Kuok
Headquarters	UBN Tower Jalan P. Ramlee, Kuala Lumpur, Malaysia
Key people	Oh Siew Nam, Chairman Lim Soon Huat, Managing Director
Products	Flour Animal feed Consumer goods Packaged food
Services	Retail real estate Residential property development Waste management Film distribution Cinema operations
Revenue	RM04.0 billion (2015)
Operating income	RM00.2 billion (2015)
Net income	RM01.1 billion (2015)
Total assets	RM21.9 billion (2015)
Total equity	RM20.6 billion (2015)
Parent	Kuok Brothers Sdn Bhd (50.81%)
Subsidiaries	FFM Berhad Golden Screen Cinemas Sdn Bhd Chemquest Sdn Bhd PPB Hartabina Sdn Bhd
Website	www.ppbgroup.com

PPB Group Berhad (MYX: ) is a Malaysian diversified conglomerate which engages in food production, agriculture, waste management, film distribution, property investment and development. PPB is also the single largest shareholder, through an 18 percent stake, in Wilmar International, one of the leading palm oil producers and agribusiness companies in the world.

The company was founded in 1968 as Perlis Plantations Berhad (from which it derives its current name) by Robert Kuok to cultivate and mill sugar cane in the northern Malaysian state of Perlis. The company went public in 1972 and has since ventured into other industries, although it exited the sugar business in 2009. Today, its main business is the supply of flour to downstream food producers. Its subsidiary, FFM, is the largest flour miller in Malaysia. The Kuok family retains control of the company with a 50.8 percent shareholding.

Robert Kuok and his brother Philip founded the company Kuok Brothers as a rice wholesaler in Malaya in 1948. They ventured into the sugar and flour milling business in the 1950s and 60s.

In 1952, Kuok Brothers began acquiring sugar plantations in 1952 and founded Perlis Plantations Berhad in 1968 to house its sugar cane cultivation and milling business. The company also established Malaysian Sugar Manufacturing Company (MSM), a sugar refiner, in 1959. Kuok said the choice to switch from the rice to sugar business was due to tough competition in the rice market in the 1950s. Having gone to school in the English-medium Raffles Institution in Singapore, he also had an advantage in the sugar industry since the sugar trade was conducted in English.

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Wikipedia