Eng - IOI Group

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management’s discussion and analysis Group Business Review Resource-based Manufacturing The Group’s resource-based manufacturing division is an essential segment of our palm oil business and comprises of the downstream refining of palm oil, and the processing of refined palm oil into oleochemicals and specialty oils and fats. Crude palm oil and palm kernel oil are processed into products that are used in various industries including food, personal care, households, pharmaceutical, cosmetics and chemicals. 28 ioi corporation berhad • annual report 2011
OLEOCHEMICALS MANUFACTURING The principal activities of the Oleochemical sub-segment are the manufacturing and sales of fatty acids, glycerine, soap noodles and fatty esters. These versatile products are used in a wide variety of applications, including manufacturing of detergents, surfactants, shampoo, soaps, cosmetics, pharmaceutical products, food additives and plastics. The oleochemical products are exported to more than 60 countries worldwide mainly to Europe, Japan and China. Its customers include some of the world’s largest multinational corporations. Refining IOI Group owns four palm oil refineries, three located in Malaysia and one in Netherlands. They have a combined annual refining capacity of 3,300,000 MT. In Malaysia, two of the refineries are situated in Pasir Gudang, Johor. They have a combined annual refining capacity of 1,100,000 MT. The third refinery in Malaysia is located in Sandakan, Sabah and has an annual refining capacity of 1,000,000 MT. The fourth refinery located in Rotterdam, Netherlands has an annual refining capacity of 1,200,000 MT. Our refineries are strategically located along the major shipping routes with direct port access. The oleochemicals manufacturing activities are undertaken in Penang and Johor by various wholly-owned subsidiaries of IOI Oleochemical Industries Berhad and the Pan-Century group of companies. With a combined total capacity of 710,000 MT, the Oleo sub-segment is one of the leading vegetable-based oleochemical producers in the world. The successful integration of the overall supply chain and the streamlining of its product branding has enabled the Oleo subsegment to attain greater economies of scale and to better meet and satisfy customer needs. This is in line with the Group’s business philosophy to develop our existing customers into long term business partners. These refineries produce palm and palm kernel oil fractions for export as well as feedstock for the Group’s downstream activities. Our manufacturing premises are ISO 9001:2000 and HACCP accredited. In addition, in line with the Group’s commitment to the Roundtable Sustainable Palm Oil (“RSPO”), our refineries are RSPO-certified to handle segregated RSPO oil on a large scale. With the Group’s integrated business model from plantation to specialty fats and oleochemicals, our refineries play an important role in the supply chain and we are in a favourable market position to cater our customers’ needs. annual report 2011 • ioi corporation berhad 29
Page 1 and 2: IOI Corporation Berhad Annual repor
Page 3 and 4: our vision …is to be a leading co
Page 5: Profit Before Taxation 2011 Rm2.86
Page 8 and 9: chairman’s statement Dear Shareho
Page 10 and 11: Prospects Palm oil production volum
Page 12 and 13: group financial overview CASH FLOWs
Page 14 and 15: group performance highlights RM’0
Page 16 and 17: five-year financial highlights RM
Page 18 and 19: management’s discussion and analy
Page 20 and 21: FINANCIAL HIGHLIGHTS & INSIGHTS (co
Page 22 and 23: COE, ROCE, WACC AND ECONOMIC PROFIT
Page 25 and 26: Boosting plantation productivity th
Page 27 and 28: The Group has 82 estates, unchanged
Page 29 and 30: AREA STATEMENT In Hectares 2011 201
Page 31: For FY2011, the Group’s plantatio
Page 36 and 37: Our manufacturing facilities are th
Page 38 and 39: IOI City Development @ IOI Resort C
Page 40 and 41: management’s discussion and analy
Page 42 and 43: The Group’s property investment p
Page 44 and 45: KEPONG Kuala Lumpur City Centre Nor
Page 46 and 47: CORPORATE SOCIAL RESPONSIBILITY The
Page 48 and 49: After being awarded the top rating
Page 50 and 51: CORPORATE SOCIAL RESPONSIBILITY Soc
Page 52 and 53: DECember 2010 A Christmas charity b
Page 54 and 55: CORPORATE INFORMATION BOARD OF DIRE
Page 56 and 57: profile of directors TAN SRI DATO
Page 58 and 59: LEE CHENG LEANG Executive Director,
Page 60 and 61: QUAH POH KEAT Independent Non-Execu
Page 62 and 63: SENIOR MANAGEMENT TEAM Corporate Gr
Page 64 and 65: Global presence North America USA
Page 66 and 67: location of operations in malaysia
Page 68 and 69: corporate Calendar August 2010 Goma
Page 70 and 71: March 2011 IOI received two awards
Page 72 and 73: AUDIT COMMITTEE REPORT A MEMBERS Da
Page 74 and 75: viii To do the following, in relati
Page 76 and 77: Number of Meetings and Details of A
Page 78 and 79: Board Composition and Balance The B
Page 80 and 81: Dato’ Lee Yeow Chor CEO Dialogue
Page 82 and 83: Appointment to the Board and the ef
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The Group has also established seve
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statement on internal control INTRO
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RISK MANAGEMENT The Group’s activ
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other information composition of sh
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PENALTIES There were no sanctions a
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directors’ report The Directors o
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Directors’ report USD600 Million
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Directors’ report Executive Share
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Directors’ report Directors’ In
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Directors’ report Statutory Infor
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Directors’ report Significant Eve
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INCOME STATEMENTS for the Financial
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STATEMENTS OF FINANCIAL POSITION as
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STATEMENTS OF CHANGES IN EQUITY for
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STATEMENTS OF CHANGES IN EQUITY for
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STATEMENTS OF CASH FLOWS for the Fi
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STATEMENTS OF CASH FLOWS for the Fi
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notes to the financial statements 3
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STATEMENT BY DIRECTORS In the opini
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INDEPENDENT AUDITORS’ REPORT to t
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GROUP PROPERTIES A. PLANTATION ESTA
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GROUP PROPERTIES B. DEVELOPMENT PRO
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GROUP PROPERTIES B. DEVELOPMENT PRO
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GROUP PROPERTIES C. INVESTMENT PROP
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GROUP PROPERTIES D. INDUSTRIAL PROP
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GROUP PROPERTIES E. OTHER PROPERTIE
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notice of annual general meeting NO
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notice of annual general meeting AG
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statement accompanying notice of an
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SHAREHOLDERS INFORMATION As at 29 A
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notes
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FOLD HERE stamp The Company Secreta
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Eng - IOI Group

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