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IOI Group
IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates. It ventured into oil palm plantations in 1983, followed by property development in 1984 and refineries in 1997. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961 – now known as Bursa Malaysia – in 1980.
The group was founded and headed by Lee Shin Cheng, the executive chairman, until his death in 2019. Lee Yeow Chor is currently the chief executive.
Its diverse businesses extend from the upstream plantation in Malaysia and Indonesia, to downstream manufacturing of oleochemicals, specialty oils and fats which are exported to over 70 countries.
Palm oil plantations are IOI's biggest income generator. As of 2023, about 63 percent of the conglomerate's profits came from its oil palm plantations. The group has more than 200,000 hectares of oil palm plantations in Malaysia and Indonesia. IOI extended its activities to Indonesia in 2007, one of its associate companies in Indonesia is Bumitama Gunajaya Agro. It has 15 palm oil mills and 98 estates throughout Malaysia and Indonesia.
With oil yield of some six tonnes per hectare per year at its mature estates, IOI is the most efficient plantation company in the world. Malaysia's oil palm average yield for the last 20 years has been stagnant at four tonnes per hectare per year.
IOI develops real estate and makes property investments in commercial, hospitality and leisure, launching its maiden 930-acre Bandar Puchong Jaya township in 1990. IOI announced a demerger of its property businesses in 2013, and relisted it on its own as IOI Properties Group Berhad on the Main Market of Bursa Malaysia on 15 January 2014.
IOI is the largest vegetable oil-based oleochemical manufacturer in Asia – held under wholly owned entities IOI Oleochemical Industries Bhd and Pan Century Oleochemical Sdn Bhd with a combined capacity of over 890,000 MT per annum. In 2021, IOI was ranked 8th on the Global Top 30 Specialty Oil Companies list.
These plants produce fatty acids and esters, glycerine, soap noodles, fatty alcohols, and metallic stearates. These have various industrial applications in the production of food, pharmaceutical, cosmetics, personal care, home care, industrial detergent-surfactants and lubricant products.
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IOI Group
IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates. It ventured into oil palm plantations in 1983, followed by property development in 1984 and refineries in 1997. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961 – now known as Bursa Malaysia – in 1980.
The group was founded and headed by Lee Shin Cheng, the executive chairman, until his death in 2019. Lee Yeow Chor is currently the chief executive.
Its diverse businesses extend from the upstream plantation in Malaysia and Indonesia, to downstream manufacturing of oleochemicals, specialty oils and fats which are exported to over 70 countries.
Palm oil plantations are IOI's biggest income generator. As of 2023, about 63 percent of the conglomerate's profits came from its oil palm plantations. The group has more than 200,000 hectares of oil palm plantations in Malaysia and Indonesia. IOI extended its activities to Indonesia in 2007, one of its associate companies in Indonesia is Bumitama Gunajaya Agro. It has 15 palm oil mills and 98 estates throughout Malaysia and Indonesia.
With oil yield of some six tonnes per hectare per year at its mature estates, IOI is the most efficient plantation company in the world. Malaysia's oil palm average yield for the last 20 years has been stagnant at four tonnes per hectare per year.
IOI develops real estate and makes property investments in commercial, hospitality and leisure, launching its maiden 930-acre Bandar Puchong Jaya township in 1990. IOI announced a demerger of its property businesses in 2013, and relisted it on its own as IOI Properties Group Berhad on the Main Market of Bursa Malaysia on 15 January 2014.
IOI is the largest vegetable oil-based oleochemical manufacturer in Asia – held under wholly owned entities IOI Oleochemical Industries Bhd and Pan Century Oleochemical Sdn Bhd with a combined capacity of over 890,000 MT per annum. In 2021, IOI was ranked 8th on the Global Top 30 Specialty Oil Companies list.
These plants produce fatty acids and esters, glycerine, soap noodles, fatty alcohols, and metallic stearates. These have various industrial applications in the production of food, pharmaceutical, cosmetics, personal care, home care, industrial detergent-surfactants and lubricant products.