of reorganization to comply with wikipedia s layout guidelines . please help by editing the article to make improvements to the overall structure . may 2016 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2016 learn how and when to remove this template message ioi group type public limited company industry conglomerate palm oil chemical manufacturing property development investment resort management founded 1969 headquarters kuala lumpur singapore area served southeast asia key people mr lee shin cheng chairman products palm oil oleochemicals number of employees 30 000 website www.ioigroup.com ioi corporation berhad commonly referred to as ioi was incorporated on 31 october 1969 as industrial oxygen incorporated sdn bhd. 1 ioi is one of malaysia s biggest conglomerates . it ventured into property development in 1984 2 followed by oil palm plantations and refineries in 1985 . 3 ioi was listed on the kuala lumpur stock exchange klse now known as bursa malaysia in 1980 . 1 the group is headed by tan sri dato lee shin cheng the executive chairman . dato lee yeow chor is ceo . 4 as of september 2016 update ioi group employed more than 30 000 persons from more than 25 countries . 5 ioi group s fiscal year runs from 1 july yyyy to 30 june of the following year . 6 6 contents 1 core businesses 1.1 palm oil plantations 1.2 real estate 1.3 oleochemicals and speciality fats 1.4 refineries 2 critics 3 references 4 external links core businesses edit palm oil plantations edit palm oil plantations are ioi s biggest income generator . as of 2015 about 67 percent of the conglomerate s profits came from its oil palm plantations . 6 13 the group controls 230 000 hectares of oil palm plantations in malaysia and indonesia . 5 it has 15 palm oil mills with total milling capacity of 4.75 million tonnes of ffb fresh fruit bunches per year from its 90 estates throughout malaysia and indonesia . 6 24 with oil yield of some six tonnes per hectare per year at its mature estates ioi is the most efficient plantation company in the world . citation needed malaysia s oil palm average yield for the last 20 years has been stagnant at four tonnes per hectare per year . citation needed nestl stopped buying palm oil from ioi in 2012 . 7 the united nations environment programme says palm oil production is the main cause of deforestation which is occurring at a rate of about two per cent per year . citation needed indonesia is also the world s third largest carbon emitter largely as a result of deforestation and the burning of peatlands . citation needed real estate edit ioi develops real estate makes and property investments . ioi owns two resort hotels the marriott putrajaya hotel and palm garden hotel in putrajaya . the property segment contributes around 18 per cent of the group s earnings . oleochemicals and speciality fats edit ioi is the largest vegetable oil based oleochemical manufacturer in asia held under wholly owned entities ioi oleochemical industries bhd and pan century oleochemical sdn bhd with a combined capacity in excess of 750 000 tonnes per annum . 8 these plants produce fatty acids and esters glycerine soap noodles fatty alcohols and metallic strearates . these have various industrial applications in the production of food pharmaceutical cosmetics personal care home care industrial detergent surfactants and lubricant products . products derived from oleochemicals are more readily biodegradable and hence do not pose a threat to the environment . this is because oleochemicals are derived from renewable resources as compared to petrochemicals which are obtained from petroleum . ioi s speciality fats businesses are operated by ioi loders croklaan 9 10 with manufacturing facilities in the netherlands north america and in malaysia with combined production capacity of more than a million tonnes per year . loders croklaan s customer base include global food giants like unilever nestle cadbury and kraft . specialty fats are used in pastries confectionery snack foods and ready to eat meals . refineries edit ioi owns refineries in the us and the netherlands . 11 ioi extended its activities to indonesia in 2005 . 12 100 its associate company in indonesia is bumitama gunajaya agro . 12 100 on 27 september 2016 greenpeace blockaded the ioi refinery in the netherlands in order to force ioi to adopt a more sustainable plantation policy . 13 14 critics edit see also oil palm environmental and civil organisations have criticized ioi group . greenpeace first documented destruction of orangutan habitat and peatland forest in the 2008 report burning up borneo 15 followed by a second report in 2015 under fire . 16 the company also faced allegations in 2014 from finnish ngo finnwatch of serious labour issues on its malaysian plantations including confiscating workers passports providing contracts in a language workers could not understand restricting freedom of association and paying salaries below the minimum wage . 17 ioi is a co founder of the roundtable on sustainable palm oil rspo and has played an active role in shaping the scheme . the company has several of its estates in malaysia certified as complying with rspo standards . according to friends of the earth in march 2010 ioi corporation failed to live up to its claims of green stewardship . for example 18 plantation development took place in forest lands without approval of the ministry of forestry in conflict with the indonesian legislation plantation development took place without approved environmental impact assessments fraudulent statements were made encroachment has taken place in forests and peat lands there is significant increase in fire hot spots corporate claim not to use peat land but to circumvent the issue it does not consider coastal or shallow peat as peat land . corporate claim not to use burning policy . according to the fire information for management system firms there was a significant increase in the number of hot spots after land clearing activity started in 2009 . ioi s current land development activities may trigger significant land conflicts . after a complaint filed by aidenvironment in april 2015 the rspo certificates of the ioi group are suspended as of 1 april 2016 . 19 since then many consumer companies like unilever nestl and mars have cancelled contracts with the company . 20 ioi was reinstated in august 2016 by rspo after it was judged to have fulfilled the group s demands to improve its environmental performance . 21 in september 2016 greenpeace published a damning indictment of ioi entitled a deadly trade off ; ioi s palm oil supply and its human and environmental costs . 22 references edit a b corporate milestones ; corp . ioi group . retrieved 28 september 2016 . corporate milestones ; property . ioi group . retrieved 28 september 2016 . corporate milestones ; plantation sic . ioi group . retrieved 28 september 2016 . board of directors . ioi group . retrieved 28 september 2016 . a b about us . ioi group . retrieved 28 september 2016 . a b c ioi group annual report 2015 ; sustainable progress pdf . putrajaya malaysia ioi group . 2015 . retrieved 28 september 2016 . forbes 2012 4 lee shin cheng ioi to buy aditya birla s pan century for rm423 million . new straits times 8 december 2006 our company ; about us . ioi loders croklaan . retrieved 27 september 2016 . ioi to buy unilever s oils and fats division . new straits times 31 august 2002 forbes 2012 no. 4 lee shin cheng a b varkkey helena 2015 . the haze problem in southeast asia . abingdon routledge . http www.rijnmond.nl nieuws 146790 greenpeace demonstreert tegen palmolieproductie in r damse haven neslen arthur 27 september 2016 . greenpeace blockades ioi palm oil refinery in rotterdam port . the guardian . retrieved 28 september 2016 . how unilever palm oil suppliers are burning up borneo greenpeace indonesia s forests under fire . indonesia s fire crisis is a test of corporate commitment to forest protection http www.finnwatch.org en news 213 ioi group suspected of serious labour rights violations ioi group suspected of serious labour rights violations too green to be true ioi corporation in ketapang district west kalimantan milieudefensie and friends of the earth europe march 2010 http www.rspo.org news and events announcements notice to rspo members on the suspension of ioi groups certification notice to rspo members on the suspension of ioi group s certification https www.theguardian.com sustainable business 2016 apr 09 ioi malaysian palm oil company unilever mars kellogg rspo deforestation unilever palm oil supplier must suspend all plantation expansion to save reputation cuff madeleine 2016 08 08 . palm oil giant ioi group regains rspo sustainability certification . the guardian . retrieved 27 september 2016 . a deadly trade off ; ioi s palm oil supply and its human and environmental costs pdf . amsterdam greenpeace international . september 2016 . retrieved 27 september 2016 . external links edit ioi group official website v t e fbmklci companies of malaysia as of 20 december 2013 ammb holdings astro malaysia holdings axiata group british american tobacco malaysia cimb group holdings digi.com felda global ventures holdings genting genting malaysia hong leong bank hong leong financial ihh healthcare ioi ioi properties group kuala lumpur kepong malayan banking maxis misc petronas chemicals group petronas dagangan petronas gas ppb group public bank rhb capital sapurakencana petroleum sime darby telekom malaysia tenaga nasional umw holdings ytl corp v t e palm oil oil palms attalea a. maripa elaeis e. guineesis e. oleifera diseases and pests bagworm moth basal stem rot ganoderma orbiforme cadang cadang disease little leaf syndrome oryctes rhinoceros rhynchophorus palmarum oil palm bunch moth tirathaba mundella tirathaba rufivena red ring disease bursaphelenchus cocophilus components mesocarp palm kernel oil lauric acid palm oil stearin stearic acid linoleic acid myristic acid oleic acid palmitic acid processes fractionation hydrolysis milling refining saponification transesterification products biodiesel by region nexbtl bioplastics cellulosic ethanol girl scout cookies oleochemicals vegetable oil cooking fuel organisations producers bumitama agri cargill equatorial palm oil federal global ventures fgv feronia inc. ioi group kuala lumpur kepong berhad sime darby wilmar international buyers processors aak greenpalm neste unilever governmental non governmental felda the forest trust indonesia commodity and derivatives exchange malaysia derivatives exchange malaysian palm oil board roundtable on sustainable palm oil policies impacts and debates biodiesel impacts biofuel policy malaysia biofuels issues certified sustainable palm oil deforestation haze food vs. fuel social and environmental impacts vegetable oils as alternative energy by country colombia indonesia malaysia portals agriculture energy food forestry category by country commons retrieved from https en.wikipedia.org w index.php title ioi group & oldid 742427899 categories companies of malaysiacompanies established in 1969companies listed on the malaysia exchangeagriculture companiespalm oil production in malaysiapalm oil production in indonesiaconglomerate companies of malaysiahidden categories wikipedia articles needing reorganization from may 2016articles needing additional references from may 2016all articles needing additional referencesengvarb from february 2015use dmy dates from february 2015articles containing potentially dated statements from september 2016all articles containing potentially dated statementsall articles with unsourced statementsarticles with unsourced statements from september 2016 navigation menu personal tools not logged intalkcontributionscreate 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