KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV)'s two palm oil refineries in Felda Sahabat and Lahad Datu are working well and not affected by the skirmishes in the area.
"Our refineries are working well despite the security concerns," Sabri said when presenting his paper at the 24th annual Palm and Lauric Oils Conference 2013, here, yesterday.
Sabri was commenting on the operation by Malaysian security forces to flush out Sulu terrorists around Kampung Tanduo.
In a research note to investors, CIMB also voiced its concern that FGV's operations, such as the transport of crude palm oil to refineries, could be disrupted if the conflict in the surrounding areas of Lahad Datu prolongs.
On its expansion plans downstream, Sabri said due diligence works were being carried out, such as the opening of new oil palm estates in Indonesia. In Myanmar, it may set up rubber processing plants in the next six months.
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