The IOI Group: Creating a Malaysian Palm Oil Multinational The case discusses the story of the IOI Group‚ one of the largest palm oil players in Malaysia‚ which has seen rapid growth in the past two decades. Family-controlled since 1982‚ the IOI Group’s main businesses initially were property and palm plantations. As a relative latecomer in the palm oil industry‚ it grew both organically and through acquisitions‚ and‚ in 2010‚ had sales of about US$4.3 billion and employed 30‚000 people. Over the
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to attain the minor degree in IFE. He estimated that it would involve an additional cost of RM40‚000. HOW WOULD THE MONEY GROW? Not knowing how exactly he should grow the money‚ Afiq Firash contacted his cousin (Rauf) who is an engineer with an oil and gas company in Sabah for advice. Without hesitation‚ Rauf suggested an IPO (initial public offering) of Felda Global Venture Holdings (FGVH)‚ which wass already opened for subscription since 31 May 2012. Right after the phone call‚ Rauf sent emails
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IOI Corporation Berhad or commonly known as IOI‚ was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia’s biggest enterprise group that started from industrial gas manufacturing. It ventured into property development in 1982‚ followed by oil palm plantations in 1985. As at June 2009‚ IOI Group employs more than 30‚000 personnel of more than 23 different nationalities in 15 countries. IOI is listed on on the main board of the KLSE (also known as Bursa
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may have on our oil palm breeding programme and how this potential can be realized. We will also show why the adoption of this technology is paramount to the progress in oil palm crop improvement. INTRODUCTION Oil palm breeding has made remarkable progress in increasing oil palm yield for over 150 years. The four African Elaeis guineensis palms brought over by the Dutch in 1848‚ and planted in Buitenzorg Botanical Garden (now Bogor) Indonesia laid the foundation for the oil palm industry in Indonesia
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OIL PALM INDUSTRY ECONOMIC JOURNAL (VOL. 2(2)/2002) Malaysian Palm Oil Industry at Crossroads and its Future Direction Khoo Khee Ming* and D Chandramohan** ABSTRACT Palm oil accounts for 20% and 46% of the global oil and fats production and trade respectively. Malaysia is the world’s largest producer and exporter of palm oil with a 50% share of world palm oil production and 61% of exports. This paper assesses the growth of the Malaysian palm oil industry and the limitations of land and labour
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Future of Palm Oil Dato Yeo How‚ president of Indonesian palm oil producer Asian Agri Group‚ read with dismay the news in the July 7‚2010‚ edition of the Singapore Straits TimesrGreenpeace/an environmental nongovemmental organization (NGO)‚ was calling for a boycott of Golden Agri‚ one of Asian Agri’s competitors‚l Over the last decade‚ the palm oil industry had come under growing scrutiny for its environmental impact in Indonesia and Malaysia‚ which produced close to 90% of the world’s palm oil. As a
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Palm oil is under increasing scrutiny in relation to its effects on the environment. Palm oil‚ produced from the oil palm‚ is a basic source of income for many of the world’s rural poor in South East Asia‚ Central and West Africa‚ and Central America. An estimated 1.5 million small farmers grow the crop in Indonesia‚ whereas about 500‚000 people are directly employed in the sector in Malaysia‚ plus those connected with spin offs.[1][2] Palm oil (from the African oil palm‚ Elaeis guineensis) is
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Hybrid oil palms bear fruit in western Kenya | FAO project improves incomes and diets‚ and may reduce imports of food oil | 24 November 2003‚ Rome — A cold-tolerant‚ high-yielding oil palm being promoted by FAO in western Kenya could be a boon to small-scale farmers and industrial producers alike‚ increasing incomes improving diets‚ reducing imports of food oil and providing much-needed crop diversification for local sugar growers.Until the FAO project‚ which began in 1993‚ the only oil palm
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Palm Oil is a natural commodity that is obtained from the deforestation of tropical rainforests. Palm Oil is found in many products ranging from Soap and detergent‚ to cooking oil and edibles such as chocolate; it can also be used as biodiesel for automobiles. Though the uses of Palm Oil ranges for over half of everyday consumer products; the use of the oil carries many detrimental and concerning issues in the Environmental aspect. The article pertaining to the topic of Palm Oil; reveals the negative
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Oil Palm in Malaysia A gift from nature. A gift for life. About Palm Oil The oil palm (Elaeis guineensis) is an ancient tropical plant from the West African tropical rainforest region. It is still being cultivated there as well as across the tropics. Palm oil is extracted from the mesocarp of the fruit of an oil palm species. In Malaysia‚ the high yielding tenera‚ which is a cross between dura and pisifera species‚ is the most commonly cultivated palm tree. Basically‚ there are two main products
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