FFM Berhad (FFM) was incorporated in 1962 but commenced operations as a wheat flour miller in 1966. PPB Group Berhad (PPB) acquired FFM in 1987 to become a 50.86% listed subsidiary of PPB. In 2004, FFM was privatized pursuant to a members’ scheme of arrangement under Section 176 of the Companies Act 1965, making FFM a wholly-owned subsidiary of PPB.
In 2010, PGEO Group Sdn. Bhd., a wholly-owned subsidiary of Wilmar International Limited, subscribed for 20% equity interest in FFM, diluting PPB’s interest in FFM to 80%.
Today, the FFM Group is the largest flour miller in Malaysia and has interests in flour milling operations in Vietnam, Thailand and China. With continuing efforts to broaden its earning base, the FFM Group is now a major player in the compound animal feed manufacturing. The Group is also engaged in the marketing & distribution of edible oils and fast-moving consumer goods, livestock farming, grain trading and food processing.
FFM is an 80% subsidiary of PPB
China
17,950 MT
Indonesia
2,000 MT
Thailand
1,070 MT
Vietnam
2,050 MT
Flour Milling interests
In 1981, FFM diversified into livestock feed business as a synergistic progression from wheat flour milling. 1993 saw the group venturing into the broiler breeder sector.
FFM Group’s consumer product division, FFM Marketing Sdn. Bhd. (FMSB) was set up in 1993 to not only provide a comprehensive distribution service, but also a fully integrated marketing system ranging from product development, marketing planning and implementation, market information system, advertising and promotion, inventory control, as well as warehousing and distribution. To date, FMSB has established a strong distribution network for both international and local brands.
The Group progressed further downstream into further processing of poultry products when FFM Further Processing Sdn. Bhd. started its meat processing operation in Pulau Indah in 2007, producing premium ready-to-eat sausages, nuggets and burgers for the Malaysian market.
In 2010, the Group acquired 45% equity interest in Kart Food Industries Sdn. Bhd., producer of frozen flour-based convenient food such as frozen roti canai, pau, roti paratha and pizza.
The Group ventured into the bakery business when its first industrial bakery commenced commercial production in 2011. The bakery, located at Pulau Indah and operated by The Italian Baker Sdn. Bhd. caters to the market demand for premium packaged bread and cream rolls under the brand name “Massimo”.