IOI Corporation Berhad’s (IOI) resource-based manufacturing business fortifies its integrated palm value chain. It consists of refining and processing of crude palm oil and palm kernel oil into oleochemical and specialty oils and fats products which are used in various industries such as food, personal care, household, pharmaceutical, cosmetics and chemicals. Its local and international manufacturing facilities are well-equipped to meet the needs of its customers worldwide in over 70 countries.
IOI has a strong supply chain support linking these manufacturing operations – covering global sales and marketing, import and export activities, logistic planning and procurement, price risk and foreign exchange risk management – to form an integrated global palm value chain which offers the following strategic advantages such as:
- Optimal turnaround time;
- Stringent quality control of products along the value chain;
- Traceability of resources utilised;
- A form of hedging against upstream commodity price cycles.