IOI Corporation Berhad (1961)

Overview

IOI Corporation Berhad, an esteemed investment holding corporation, is predominantly engaged in the plantation industry across various global regions including Malaysia, Europe, North America, and Asia. The company's operations are segmented into Plantation and Resource-Based Manufacturing, covering a wide spectrum of agricultural and manufacturing interests. This diversification underscores IOI Corporation Berhad's expansive operational footing, which encompasses the cultivation of oil palm, softwood timber, rubber, and coconut alongside refining and processing of crude oils. Also notable is the company’s engagement in property development, providing a broad array of management and marketing services, and playing a pivotal role in the palm-based renewable energy sector. The company, which pivoted from its original name, Industrial Oxygen Incorporated Sdn Bhd, in March 1995, was founded in 1969 and is headquartered in Putrajaya, Malaysia. This transformation underlines its evolution from a localized entity to a significant global player in the agri-business and manufacturing fields.

Products and Services

IOI Corporation Berhad offers an extensive portfolio of products and services, structured across its diversified operational segments:

• Cultivation: Includes oil palm, softwood timber, rubber, and coconut cultivation. This forms the foundational basis of the company’s plantation segment, underlining its commitment to sustainable and responsible agricultural practices.
• Refining and Processing: Involves processing crude palm, crude coconut, and palm kernel oils into refined products. This segment plays a crucial role in meeting the global demand for refined edible oils.
• Specialty Oils and Fats: The company manufactures and exports a range of specialty oils and fats, catering to diverse industrial and commercial needs, including the food industry and beyond.
• Oleochemical Products: Encompasses the manufacturing and exportation of fatty acids, soap noodles, glycerin, fatty alcohols, esters, and other derivative products. These products are vital ingredients across various sectors including cosmetics, cleaning, and pharmaceutical industries.
• Biotechnology and Research: IOI Corporation Berhad is also involved in biotechnology research and development activities, especially in the commercialization of clonal ramets. This underscores its focus on innovation and sustainability within its cultivation practices.
• Reneawable Energy Production: The company has diversified into the provision of palm-based renewable energy solutions, contributing to the global need for sustainable energy sources.
• Property Development and Maintenance: Apart from its core agri-business operations, IOI Corporation Berhad engages in property development, showcasing its versatility in operational activities.
• Plasticizer Products: Manufacturing and sales of plasticizer products point to its capacity in producing industrial ingredients essential for producing flexible plastics.
• Margarine and Shortening: The company's entry into the manufacture of margarine, shortening, and fat spreads highlights its broadened focus within the consumable fats industry.
• Palm Wood Products: Under the OnCore brand name, IOI Corporation produces palm wood boards and panels for use in furniture, construction, and building industries, representing an innovative approach to utilizing palm biomass.