Meruncit Companies in Malaysia
Meruncit companies are those which are involved in the production and distribution of palm oil products in Malaysia. They are also known as palm oil mills or palm kernel crushing plants. The palm oil industry in Malaysia is a major contributor to the country’s economy, accounting for 2.6% of GDP in 2015. Palm oil exports also generated RM58.1 billion (US$15.4 billion) in revenue in 2015.
There are over 700 palm oil mills in Malaysia, with a total capacity of over 27 million tonnes of palm oil products per year. The top 10 palm oil companies in Malaysia accounted for almost 25% of total palm oil production in 2016. These companies are:
1. Sime Darby Plantation
2. IOI Group
3. Felda Global Ventures
4. Kuala Lumpur Kepong
5. Genting Plantations
6. Sime Darby Oils
7. Bunge Loders Croklaan
8. Cargill
9. Wilmar International
10. Golden Agri-Resources
There are over 700 palm oil mills in Malaysia, with a total capacity of over 27 million tonnes of palm oil products per year. The top 10 palm oil companies in Malaysia accounted for almost 25% of total palm oil production in 2016. These companies are:
1. Sime Darby Plantation
2. IOI Group
3. Felda Global Ventures
4. Kuala Lumpur Kepong
5. Genting Plantations
6. Sime Darby Oils
7. Bunge Loders Croklaan
8. Cargill
9. Wilmar International
10. Golden Agri-Resources
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