Technopedia Center
PMB University Brochure
Faculty of Engineering and Computer Science
S1 Informatics S1 Information Systems S1 Information Technology S1 Computer Engineering S1 Electrical Engineering S1 Civil Engineering

faculty of Economics and Business
S1 Management S1 Accountancy

Faculty of Letters and Educational Sciences
S1 English literature S1 English language education S1 Mathematics education S1 Sports Education
teknopedia

Flag Counter
  2. World Encyclopedia
  3. IOI Group - Wikipedia
IOI Group - Wikipedia
From Wikipedia, the free encyclopedia

IOI Corporation Berhad
Company typePublic limited company
MYX: 1961
ISINMYL1961OO001
Industry
Founded1969
FounderLee Shin Cheng
HeadquartersIOI City Tower 2, IOI Resort City, 62502 Putrajaya, Malaysia
Area served
Southeast Asia
Key people
  • Lee Yeow Chor(Chief Executive Officer)
  • Tan Sri Peter Chin Fah Kui(Chairman)
Revenue
  • Decrease RM 11.58 billion(2023)
  • RM 15.58 billion(2022)
  • Decrease RM 1.82 billion(2023)
  • RM 2.5 billion(2022)
  • Decrease RM 1.13 billion(2023)
  • RM 1.77 billion(2022)
Total assets
  • Decrease RM 17.58 billion(2023)
  • RM 19.17 billion(2022)
Total equity
  • Increase RM 11.33 billion(2023)
  • RM 10.94 billion(2022)
Number of employees
30,000
Subsidiaries
  • IOI Plantation
  • IOI Management
  • IOI Commodity Trading
  • IOI Palm Biotech
  • IOI Investment
  • IOI Ventures
  • IOI Biofuel
Websitewww.ioigroup.com

IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd.[1] IOI is one of Malaysia's biggest conglomerates. It ventured into oil palm plantations in 1983,[2] followed by property development in 1984[3] and refineries in 1997.[2] IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961 – now known as Bursa Malaysia – in 1980.[1]

The group was founded and headed by Lee Shin Cheng, the executive chairman, until his death in 2019.[4] Lee Yeow Chor is currently the chief executive.[5]

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.[6]

Core businesses

Palm oil plantations

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.[7] The group has more than 200,000 hectares of oil palm plantations in Malaysia and Indonesia.[8] IOI extended its activities to Indonesia in 2007,[9] one of its associate companies in Indonesia is Bumitama Gunajaya Agro.[10]: 100  It has 15 palm oil mills and 98 estates throughout Malaysia and Indonesia.[7]: 7 

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.[11] Malaysia's oil palm average yield for the last 20 years has been stagnant at four tonnes per hectare per year.[12]

Real estate

IOI develops real estate and makes property investments in commercial, hospitality and leisure, launching its maiden 930-acre Bandar Puchong Jaya township in 1990.[3] IOI announced a demerger of its property businesses in 2013,[13] and relisted it on its own as IOI Properties Group Berhad on the Main Market of Bursa Malaysia on 15 January 2014.[14]

Oleochemicals and speciality fats

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.[15][16] In 2021, IOI was ranked 8th on the Global Top 30 Specialty Oil Companies list.[17]

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.

IOI's specialty fats businesses are operated by its 20%-owned associate Bunge Loders Croklaan (formerly IOI Loders Croklaan),[18][19] with manufacturing facilities in the Netherlands, North America, and in Malaysia (with a combined production capacity of more than a million tonnes per year). Bunge Loders Croklaan's customer base includes global food giants like Unilever, Nestle, Cadbury and Kraft. Speciality fats are used in pastries, confectionery, snack foods, and ready-to-eat meals.

Refineries

IOI owns 2 refineries in Malaysia, with a combined capacity of 1.80 million MT per annum.[20][21]

Critics

See also: Oil palm

Greenpeace first documented the destruction of orangutan habitat and peatland forest in the 2008 report Burning up Borneo,[22] followed by a second report in 2015, Under Fire.[23] The company also faced allegations in 2014 from Finnish NGO Finnwatch of serious labour issues on its Malaysian plantations, like confiscating workers' passports, providing contracts in unfamiliar language, restricting freedom of association and paying salaries below the minimum wage.[24] In September 2016, Greenpeace published a damning indictment of IOI entitled, A Deadly Trade-Off; IOI's Palm Oil Supply and its Human and Environmental Costs.[25] On 27 September 2016, Greenpeace blockaded the IOI refinery in the Netherlands to force IOI to adopt a more sustainable plantation policy.[26][27]

IOI is a co-founder of the Roundtable on Sustainable Palm Oil (RSPO) and has played an active role in shaping the scheme. The company has several of its estates in Malaysia certified as complying with RSPO standards.[28] According to Friends of the Earth in March 2010, IOI Corporation failed to live up to its claims of green stewardship.[29] Following a complaint filed by AidEnvironment in April 2015, the RSPO certificates of the IOI Group were suspended as of 1 April 2016.[30] In response, many consumer companies like Unilever, Nestlé and Mars cancelled contracts with the company.[31][32] IOI was reinstated in August 2016 by RSPO after it was judged to have fulfilled the group's demands to improve its environmental performance.[33] In 2017, Greenpeace suspended its active campaign against IOI.[34] IOI addressed Finnwatch's allegation of labour rights issue in 2014[35] and 2021.[36]

References

  1. ^ a b "Corporate Milestones; Corp". IOI Group. Retrieved 28 September 2016.
  2. ^ a b "Our History - IOI Group". Retrieved 18 April 2024.
  3. ^ a b "Corporate Milestones; Property". IOI Group. Retrieved 28 September 2016.
  4. ^ "Malaysian Tycoon Lee Shin Cheng Dies At 79". Forbes. Retrieved 18 April 2024.
  5. ^ "Board of Directors - IOI Group". Retrieved 18 April 2024.
  6. ^ "About Us - IOI Group". Retrieved 18 April 2024.
  7. ^ a b IOI Group Annual Report 2023 (PDF). IOI Group. 2023. Retrieved 18 April 2024.
  8. ^ "IOI Group: Our Oil Palm Plantation". www.ioigroup.com. Retrieved 16 July 2025.
  9. ^ "IOI Group: History and Milestones". www.ioigroup.com. Retrieved 16 July 2025.
  10. ^ Varkkey, Helena (2015). The Haze Problem in Southeast Asia. Abingdon: Routledge.
  11. ^ "IOI wins on efficiency; FGV on size". The Edge Malaysia. Retrieved 20 March 2024.
  12. ^ "Yield". bepi.mpob.gov.my. Retrieved 19 April 2024.
  13. ^ "IOI Properties relists as a stronger entity". The Edge Malaysia. Retrieved 18 April 2024.
  14. ^ "IOI Properties' RM1.87 bil relisting was 2014's largest IPO". The Edge Malaysia. Retrieved 18 April 2024.
  15. ^ IOI to buy Aditya Birla's Pan Century for RM423 million. New Straits Times, 8 December 2006
  16. ^ "IOI Group: Our Oleochemical". www.ioigroup.com. Retrieved 16 July 2025.
  17. ^ Fu, Rice (26 May 2021). "2021年全球特种油脂企业30强". FoodTalks (in Chinese). Retrieved 21 January 2022.
  18. ^ "Our Company; About Us". IOI Loders Croklaan. Archived from the original on 18 February 2018. Retrieved 27 September 2016.
  19. ^ IOI to buy Unilever's oils and fats division. New Straits Times, 31 August 2002
  20. ^ Forbes 2012 No. 4 Lee Shin Cheng
  21. ^ "IOI Group: Our Refining". www.ioigroup.com. Retrieved 16 July 2025.
  22. ^ "How Unilever palm oil suppliers are burning up Borneo" (PDF). Greenpeace. Archived from the original (PDF) on 24 August 2017.
  23. ^ Indonesia's Forests: Under Fire. Indonesia's fire crisis is a test of corporate commitment to forest protection
  24. ^ IOI Group suspected of serious labour rights violations
  25. ^ A Deadly Trade-Off; IOI's Palm Oil Supply and its Human and Environmental Costs (PDF). Amsterdam: Greenpeace International. September 2016. Retrieved 27 September 2016.
  26. ^ "Actievoerders Greenpeace opgepakt in Rotterdamse haven". Rijnmond.nl. Retrieved 20 March 2020.
  27. ^ Neslen, Arthur (27 September 2016). "Greenpeace blockades IOI palm oil refinery in Rotterdam port". The Guardian. Retrieved 28 September 2016.
  28. ^ "Member - IOI Corporation Berhad". Roundtable on Sustainable Palm Oil (RSPO). Retrieved 16 July 2025.
  29. ^ Too Green to be True, IOI Corporation in Ketapang District, West Kalimantan[permanent dead link] Milieudefensie and Friends of the Earth Europe, March 2010
  30. ^ NOTICE TO RSPO MEMBERS ON THE SUSPENSION OF IOI GROUP'S CERTIFICATION
  31. ^ "Nestlé to cut all ties with IOI over palm oil action plan: 'It doesn't go far enough'". foodnavigator.com. 11 May 2016. Retrieved 18 April 2024.
  32. ^ Unilever palm oil supplier must suspend all plantation expansion to save reputation, The Guardian
  33. ^ Cuff, Madeleine (8 August 2016). "Palm oil giant IOI Group regains RSPO sustainability certification". The Guardian. Retrieved 27 September 2016.
  34. ^ "Palm oil giant IOI moves to eliminate deforestation and human rights abuses from supply chain". Greenpeace Southeast Asia. 4 July 2025. Retrieved 16 July 2025.
  35. ^ "IOI Corporation's Statement on Finnwatch Report 5/2014" (PDF).
  36. ^ "Malaysia: Report alleges palm oil giant IOI workers are subjected to mistreatment & are made to pay high recruitment fees". Business & Human Rights Resource Centre. Retrieved 16 July 2025.
Wikimedia Commons has media related to IOI Corporation Berhad.
Sunting pranala
url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url
Pusat Layanan

UNIVERSITAS TEKNOKRAT INDONESIA | ASEAN's Best Private University
Jl. ZA. Pagar Alam No.9 -11, Labuhan Ratu, Kec. Kedaton, Kota Bandar Lampung, Lampung 35132
Phone: (0721) 702022
Email: pmb@teknokrat.ac.id