Eng - IOI Group

More documents

Recommendations

Info

Management’s Discussion and Analysis cont’dGROUP BUSINESS REVIEWOLEOCHEMICALS cont’dPan-Century GroupPan-Century Group operates one of the world’s largest single-location vertically integrated palm oil refinery and oleochemicalcomplexes. With an annual splitting capacity of approximately 350,000 MT for its fatty acids and 110,000 MT of soap noodles,the products it produces are closely similar to IOI Oleo products and the customer base is also global base.With its highly integrated production facilities and its given size, economies of scale can be achieved in greater scale, thus givingthe group a strategic cost advantage.Pan-Century Group has a successful track record with numerous awards and recognitions at national and international levels whichincludes business and quality excellence and energy environment and safety. Apart from the awards achieved, Pan-Century Groupis accredited with certifications on various areas like ISO 9002, ISO 14001, HACCP and KOSHER.SPECIALTY OILS AND FATS MANUFACTURINGThe specialty oils and fats business of the Group is carried out by Loders Croklaan which has manufacturing operations in theNetherlands, the United States, Malaysia, Egypt and Canada, and sales offices in eight other countries with sales to more than 60countries worldwide. It has one of the most developed specialty oils and fats technology base in the industry and has a corporatehistory tracing back to 1891, and is a global market leader in its field.At Loders Croklaan, we place great emphasis on the importance of constant quality control that is carried out to the sameconsistently high standards at every step of the supply chain. Quality checks are continuously carried out according to rigorousinternational guidelines. Standards such as GMP, HACCP, ISO 9001 and ISO 14001 are carefully followed and implemented allalong the way. Also, the highest standards apply to serve the needs of Kashruth and Islamic laws.47ANNUAL REPORT 2007IOI Corporation Berhad
Management’s Discussion and Analysis cont’dGROUP BUSINESS REVIEWSPECIALTY OILS AND FATS MANUFACTURING cont’dOn the operating structure, Loders Croklaan is organised into two main divisions, namely the snack ingredients and lipid nutritionand a small division called special products division that deal with food and animal feed ingredients such as collagen, soyaisolates, concentrates, feed enzymes and colors. A brief summary of the two main divisions are as follows:Snack IngredientsThe snack ingredients division is the principal business of Loders Croklaan, supplying fractionated oils, mainly coating fats, fillingfats or high stability oils to the processed food industry globally, principally for confectionery and bakery application. Currently,Loders Croklaan’s most important market is North Western Europe which is the world’s biggest consumer of specialty fats wherethe majority of sales of specialty fats are to chocolate manufacturers in the form of cocoa butter equivalents, cocoa butter replacersand cocoa butter substitutes. Loders Croklaan’s other markets include Eastern Europe, the United States, Canada, Central and LatinAmerica, Egypt, the Middle East countries, China, Japan, Korea, India and South East Asia. Loders Croklaan Asia, provides themuch needed competitive cost base, for entry into the rapidly expanding Asian specialty fats market.Since becoming a member of the IOI Group, Loders Croklaan has gradually moved away from non-palms products to focus onpalm-based materials to leverage on the Group’s palm oil supply chain. Wormerveer site of Loders Croklaan has moved awaycompletely from soy-based materials to concentrate fully on palm related products. As for the US operations, the advent of thetrans fatty acid issue provided an excellent opportunity for the Group’s palm-based operations to penetrate the US market andleverages on its technical expertise on palm attributes to introduce palm-based solution into the non-trans fatty acid applicationsmarket in USA.IOI Corporation BerhadANNUAL REPORT 2007 48
Page 3 and 4: Our Vision... is to be a leading co
Page 5: Chairman’s StatementDear Valued S
Page 12: Responsibility“ Today, more than
Page 15: Group Performance Highlights2007 20
Page 20 and 21: Efficiency“The future belongs to
Page 22 and 23: Management’s Discussion and Analy
Page 30 and 31: PALM OIL BUSINESS STREAMManagement
Page 40 and 41: CORPORATE SOCIAL RESPONSIBILITY (CS
Page 58 and 59: KepongKLCCKL SentralPetaling JayaKu
Page 61 and 62: Corporate InformationBOARD OF DIREC
Page 63 and 64: Profile of Directors cont’dDATO
Page 65 and 66: Profile of Directors cont’dDATUK
Page 68 and 69: Excellence in ExecutionOur commitme
Page 70 and 71: Audit Committee Report cont’dTERM
Page 72 and 73: Audit Committee Report cont’dTERM
Page 74 and 75: Corporate GovernanceINTRODUCTIONThe
Page 76 and 77: Corporate Governance cont’dTHE BO
Page 78 and 79: Corporate Governance cont’dTHE BO
Page 80 and 81: Corporate Governance cont’dSHAREH
Page 82 and 83: Statement on Internal ControlINTROD
Page 84 and 85: Statement on Internal Control cont
Page 86 and 87: Other InformationCOMPOSITION OF SHA
Page 88 and 89: RECURRENT RELATED PARTY TRANSACTION
Page 90 and 91: Other Information cont’dPENALTIES
Page 93 and 94: Senior Management TeamGroup Chief E
Page 95 and 96: Global PresenceNORTH AMERICA• USA
Page 97 and 98: Location of Operations in MalaysiaP
Page 99 and 100: Corporate CalendarNov 2006• IOI P
Page 101 and 102:
Corporate Calendar cont’dMarch200
Page 103 and 104:
Social ContributionSep 2006• Yaya
Page 105 and 106:
Social Contributions cont’dMay 20
Page 107 and 108:
Directors’ ReportThe Directors of
Page 109 and 110:
Directors’ Report cont’dUSD310
Page 111 and 112:
Directors’ Report cont’dExecuti
Page 113 and 114:
Directors’ Report cont’dReserve
Page 115 and 116:
Directors’ Report cont’dDirecto
Page 117 and 118:
Directors’ Report cont’dStatuto
Page 119 and 120:
Directors’ Report cont’dSignifi
Page 121 and 122:
Directors’ Report cont’dSignifi
Page 123 and 124:
Income Statementsfor the financial
Page 125 and 126:
Balance Sheets cont’das at 30 Jun
Page 127 and 128:
Statements Of Changes In Equity con
Page 129 and 130:
Statements Of Changes In Equity con
Page 131 and 132:
Cash Flow Statements cont’dfor th
Page 133 and 134:
Cash Flow Statements cont’dfor th
Page 135 and 136:
Notes To The Financial Statements c
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Statement By DirectorsIn the opinio
Page 261 and 262:
Group PropertiesA. PLANTATION ESTAT
Page 263 and 264:
Group Properties cont’dA. PLANTAT
Page 265 and 266:
Group Properties cont’dB. DEVELOP
Page 267 and 268:
Group Properties cont’dC. INVESTM
Page 269 and 270:
Group Properties cont’dD. INDUSTR
Page 271 and 272:
Group Properties cont’dE. OTHER P
Page 273 and 274:
Notice of Annual General MeetingNOT
Page 275 and 276:
Notice of Annual General Meeting co
Page 277 and 278:
Statement Accompanying Noticeof Ann
Page 279 and 280:
Shareholders Information cont’das
Page 281 and 282:
This page has been intentionally le
Page 283 and 284:
fold herestampThe Company Secretary
show all

Eng - IOI Group

Create successful ePaper yourself

Delete template?

Save as template?