IOI Corporation
is one of the largest industrial gas conglomerates in Malaysia. It was
incorporated as Industrial Oxygen Inc. Sdn Bhd on October 31, 1969. Aside from
industrial gases, IOI is also into property development and palm oil
plantations. IOI also owns the Palm Garden Hotel and the Marriott Putrajaya
Hotel. It employs over 30,000 employees in over 15 countries.
The palm oil plantation accounts
for 65% of the Group’s profits and is the biggest revenue contributor of the
Group. It has 152,000 hectares of palm oil plantation in Malaysia and 83,000
hectares in Indonesia. Its 12 oil mills yield 4.1 million tons of palm oil per
year.
About 18% of the
Group’s revenues are contributed by IOI’s real estate business. The Group is
involved in real estate development. Its property investments are more inclined
on leisure and hospitality.
IOI is Asia’s
largest producer of oleochemicals
and specialty fats. The Group operates two manufacturing facilities with a
combined capacity of over 750,000 tons of oleochemicals per year. Among IOI’s
customers are large consumer food manufacturers such as Kraft, Cadbury, Nestle
and Unilever.
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