Eng - IOI Group

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Management’s Discussion and Analysis cont’dGROUP BUSINESS REVIEWINTRODUCTIONThe Group’s resource-based manufacturing business is essentially the other segment of our palm oil business that follows afterplantation segment and comprises mainly manufacturing and related activities ranging from basic processing such as refining, todownstream processing of palm oil into oleochemicals and specialty oils and fats. Crude palm oil and palm kernel oil are processedinto products or fractions that are used in various industries including personal care, households, food, pharmaceutical, cosmeticsand chemical industries.REFININGAs at 30 June 2007, the Group has four refineries with total refining capacity of 3,200,000 MT, i.e. one in Sabah with a refiningcapacity of 1,200,000 MT and kernel crushing capacity of 300,000 MT per annum, the second refinery in Johor, with an annualrefining capacity of 300,000 MT and the third refinery is a newly constructed refinery located in Rotterdam, Netherlands, with arefining capacity of approximately 700,000 MT per annum. The fourth refinery is through the acquisition of Pan-Century Groupduring the financial year, with a refining capacity of approximately 1 million MT per annum situated in Johor.The Rotterdam refinery, which started in Oct 2005 provides Loders Croklaan Europe with fresh palm oil for its downstreamoperations, and also enables the Group to channel its crude palm oil to the European market, for value added sales, utilising LodersCroklaan’s established distribution network and market standing.As for the three Malaysian based refineries, they cover the rapidly growing Asian market as well as occasional shipments tosupport the needs of Loders Coklaan, USA.45ANNUAL REPORT 2007IOI Corporation Berhad
Management’s Discussion and Analysis cont’dGROUP BUSINESS REVIEWOLEOCHEMICALSThe oleochemicals manufacturing activities are undertaken through our 100% owned subsidiary, IOI Oleochemical IndustriesBerhad (“IOI Oleo”) as well as newly acquired wholly owned subsidiaries, Pan-Century Edible Oils Sdn Bhd and Pan-CenturyOleochemicals Sdn Bhd, better known as Pan-Century Group. With the acquisition, IOI now emerged as one of the world’s largestoleochemical producer.IOI OleoIOI Oleo’s principal products include fatty acids, glycerine, soap noodles, and metallic stearates. With an annual productioncapacity of 360,000 MT, IOI Oleo is one of the largest vegetable-based fatty acid producer in Asia. Its products are used in a widevariety of applications, including manufacturing of detergents, surfactants, shampoo, soaps, cosmetics, pharmaceutical products,food additives and plastics. These products are exported to more than 60 countries worldwide, particularly to Europe, Japan andChina. IOI Oleo’s customers include some of the world’s largest multi-national corporations. IOI Oleo is also a 30% joint-venturepartner with Kao Corporation of Japan for the production of fatty alcohol. The fatty alcohol plant, which has an annual capacityof about 170,000 MT per annum, is sited next to IOI Oleo’s 50 acre production complex.A significant portion of IOI Oleo’s production is sold to customers under long term supply contracts. To better serve its widegeographical distribution of customers, IOI Oleo has a network of distributors and agents in various countries, including countriesin Europe, Asia and Australia as well as storage facilities in Europe, and the United States.Through IOI Oleo’s subsidiaries, namely Acidchem, Derichem and Stabilchem, the Group has achieved highly renowned certificationson various areas. Among others, are ISO 9001 certification on quality of products, ISO14001 certification on environmentalmanagement system, OHSAS 18001 certification on occupational health and safety management system, as well as HazardAnalysis Critical Control Point/Good Manufacturing Practices (HACCP/GMP) certification on food safety. These certificationsreinforce the Group’s commitment to quality, environmental protection, occupational health and safety in line with best practices.IOI Corporation BerhadANNUAL REPORT 2007 46
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Page 30 and 31: PALM OIL BUSINESS STREAMManagement
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Corporate CalendarNov 2006• IOI P
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Corporate Calendar cont’dMarch200
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Social ContributionSep 2006• Yaya
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Social Contributions cont’dMay 20
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Directors’ ReportThe Directors of
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Directors’ Report cont’dUSD310
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Directors’ Report cont’dReserve
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Income Statementsfor the financial
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Statement By DirectorsIn the opinio
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Group PropertiesA. PLANTATION ESTAT
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Notice of Annual General MeetingNOT
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Shareholders Information cont’das
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