SD Guthrie International Ltd (SDGI) has acquired a 48% equity interest in Netherlands-based Marvesa Supply Chain Services BV for €54 million (RM250 million). This strategic move strengthens SDGI's presence in the European animal feed and biofuel industries, leveraging Marvesa's expertise in sourcing, blending, and distributing oils and fats. The acquisition aligns with SDGI's diversification strategy, expanding its reach beyond palm oil into non-palm sectors like lecithin and soy.
SD Guthrie International Ltd , formerly known as Sime Darby Oils International Ltd, has acquired 48% equity interest in Netherlands-based Marvesa Supply Chain Services BV.
SDGI is a wholly owned subsidiary and the downstream arm of SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd. SD Guthrie is one of the world’s largest producers of Certified Sustainable Palm Oil , producing about 12% of all CSPO in the world. It is a fully integrated player in the global palm oil value chain with business presence in 12 countries.
The acquisition of Marvesa strengthens SDGI’s presence in Europe, where it serves customers in 11 countries from its Zwijndrecht refinery in the Netherlands, which has a capacity of 300,000 tonnes annually. The refinery produces a variety of oils and fats that are essential for applications such as industrial frying, emulsifiers, bakery and confectionery ingredients, margarine, dairy products, candles and milk substitutes.
The collaboration between SDGI and Marvesa creates powerful synergies. Marvesa’s established trading volumes in lecithin, soy and other soft oils align with SDGI’s diversification strategy into non-palm sectors. This allows both companies to penetrate high-growth opportunities, including in North and Central Asia-Pacific, Middle East and Africa, and the Americas.
ACQUISITION OILS AND FATS EUROPEAN MARKET SUSTAINABLE PALM OIL DIVERSIFICATION
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BNM's International Reserves Decline to US$116.2 BillionBank Negara Malaysia's (BNM) international reserves decreased to US$116.2 billion at the end of December 2024, reflecting year-end adjustments. The central bank emphasized that these reserves remain adequate to cover import needs and short-term debt obligations.
Read more »
SJKC Kwang Hwa Wins International Safe Mobility CompetitionSJKC Kwang Hwa in Penang, Malaysia, has made history by winning the national-level Program VIA Safe Mobility competition. This victory qualified the school to represent Malaysia at the international and Asian levels. At the Asian level, the school achieved first place and ranked sixth in the international competition, competing against teams from countries including Angola, Brazil, Lebanon, Madagascar, and Morocco. The school received a €5,000 (RM23,371) grant to improve road safety in the school area. The school presented an innovative road safety solution concept and shared proposals and ideas with peers globally, policymakers, and industry leaders.
Read more »
Sabalenka Wins Brisbane International, Sets Sights on Australian Open Title DefenceAryna Sabalenka defeated Polina Kudermetova to win the Brisbane International title, setting herself up for a strong Australian Open title defense. Sabalenka, the reigning Australian Open champion, will aim to become the first woman since Martina Hingis to win three consecutive Australian Open titles.
Read more »
Malaysian Prime Minister Anwar Ibrahim Hails 'Dongeng Sang Kancil' as International SuccessPrime Minister Datuk Seri Anwar Ibrahim expressed confidence in the potential of 'Dongeng Sang Kancil', Malaysia's first animated feature to integrate hybrid 3D technology with 2D special effects, to make a mark on the international stage. He praised the film, inspired by the beloved folklore character Sang Kancil, as a creative masterpiece that reflects Malaysian pride and cultural heritage.
Read more »
Anwar Ibrahim Hails 'Dongeng Sang Kancil' as International Success PotentialPrime Minister Anwar Ibrahim praises 'Dongeng Sang Kancil' as a creative masterpiece representing Malaysian pride and heritage. The animated film, inspired by the folklore character Sang Kancil, has premiered nationwide and shown strong box office performance.
Read more »
Pope calls on international community to ensure respect for humanitarian lawChristian News,World Christian News,Malaysia Church,Religion Christianity
Read more »