FELDA BULKERS SDN BHD (FBSB) provides bulk storage tanks for vegetable oils and oleochemicals and operates a warehouse for Palm Kernel Expellers (PKE). FBSB's terminal is located in Peninsular Malaysia and Sabah.
Presently, the total FBSB's storage capacity is around 377,000 mt consisting of the following terminal projects:
Brief History of Felda Bulkers Sdn Bhd
The Company was formed in September 1974 under the Land Ordinance Act with an initial paid up capital of RM2.0 million. It was formerly known as Felda Latex Handling Corporation (LHC), a joint venture between Federal Land Development Authority (FELDA) and Malaysian Rubber Development Corporation (MARDEC), each with an equal equity of 50%. Its initial objective was to provide bulk storage facilities for the rubber latex produced by various producers in this country at its facility in Port Klang.
In January 1994, Felda bought over the entire equity of the Company and injected in assets in the form of tank installations from another Corporation involved in the handling and bulking of palm oil. Its paid up capital was raised from RM 2.0 million to RM 17.0 million, its shareholders being Felda Enterprises Sdn. Bhd. (equity of 96%) and Felda Holdings Sdn. Bhd. (equity of 4%). Almost at the same time it was appointed by FPG Oleochemicals Sdn. Bhd. (JV Company between Felda and Procter & Gamble) to provide long term tank services for its oleochemical products at Port Kuantan.
Langsat Bulkers Sdn Bhd (LBSB) is Felda-Johore Bulkers Sdn Bhd’s 100% subsidiary from 20 October 2011. The Company was initially a Joint Venture Company between Tanjung Langsat Port Sdn Bhd (TLP) and Felda Johore Bulkers Sdn Bhd (FJB).
LBSB was meant to be a storage terminal for biodiesel products and to support Malaysian Government effort to develop biodiesel industry in Malaysia. Since the biodiesel industry was affected by high price of crude vegetable oil especially crude palm oil, thus LBSB has decided to handle and store other vegetable oil products as well as biodiesel when required.
© 2013 FELDA-JOHORE BULKERS SDN BHD.
ALL RIGHTS RESERVED.