Sector

Consumer

Contact detail

+60322731250

info@nlfcs.com.my

General Profile

The economic scenario of the post-independence era in the 60’s created a situation where unemployment and eviction from homes occurred when European-owned rubber estates were sold to locals who in turn fragmented and sold them for profit.

In an effort to rectify the problem which resulted from fragmentation of estates, the Malaysian Indian Congress, spearheaded by the late Tun Dr. V.T. Sambanthan, and some concerned citizens, established the NLFCS to provide opportunity for land ownership among estate workers.

Plantation workers were persuaded to buy shares in the cooperative at RM 100/= per share, payable in monthly installment of RM 10/=.
With this, the society managed to purchase its first rubber estate covering a total of 2900 acres or 1174 ha (Bukit Sidim Estate) in Kedah. From this humble beginning, today NLFCS own rubber, oil palm and coconut plantations all over the country

The society has implemented numerous benefit schemes for its members with the objectives to: improve the education level of its members’ children; increase houses ownership of members; promote small scale entrepreneurs; and provide financial aid to members.

Realizing the fact that it cannot solely depend on plantation sector (owning and operating plantations) which is subject to fluctuating commodity prices, the Society moved on to strengthen its base by diversifying into: property development; manufacturing; establishing and operating educational institutes; trading and retail business for both domestic and export markets and health and medical services.

The society’s bigger role has been in property development where to-date it has set up two townships, one each in Negeri Sembilan and Selangor and seven housing estates in various parts of the country. Now the Society is gearing itself for greater challenges in the new millennium, namely opportunity available in the information technology and developing niche markets in the growing borderless world.

Website
www.nlfcs.com.my