IOI Corporation Berhad (IOI) is engaged in the cultivation of oil palm and processing of palm oil with operations in seed breeding, cultivation and crop oil extraction. Today, we have 96 estates, 15 palm oil mills, and four research and development (R&D) centres across Malaysia and Indonesia, with a workforce of more than 23,000.
Our current total planted area (including subsidiary companies) stands at 178,068 hectares (FY2019: 177,279 hectares) and our associate company stands at 132,578 hectares (as at 30 June 2020). Our total planted area is 99% oil palm, which 83% of it are classified as mature. The weighted average palm age is 13 years. Our current annual milling capacity is 4.6 million MT of fresh fruit bunches (FFB).
In addition, IOI also owns a 32.1% stake in Bumitama Agri Ltd (BAL), a listed company on the Singapore Stock Exchange (SGX).
On our continuous and long-term sustainability efforts, please click here for more information.
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