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management’sdiscussionandanalysis • review of core business operations cont’dBOOSTING LONG-TERM SUSTAINABILITYAs the core business division of the Group, the Plantation Division strictly adheres to the principles of Vision IOI whichemphasise commercial success in a responsible and balanced manner by addressing the interests of all stakeholders. Wesubscribe to the adage that “what goes around comes around”. We strongly believe that it is simply not possible tosustain commercial success over the long term without appropriate consideration for the environment and withoutcaring for the interests of the community in which we operate. Hence, the Group has always been committed tosustainable agricultural practices. However, we also believe that as with all good practices, they are expected to evolveand to be refined over time and to be measured against moving targets. Over the years, we have made significantimprovements in enhancing yields, productivity and cost efficiency in order to optimise returns from our oil palmplantations in a manner that will ensure long term sustainability through optimising the use of renewable resources,environmental friendly agricultural practices such as zero burning, soil and water conservation, site specific fertilisation,land application of digested palm oil mill effluent, integrated pest management, by-product utilisation, including energyrecycling.During the year, the Group completed the acquisition of the Pamol estates from Unilever which practices the sustainableagriculture system introduced by Unilever. This has afforded us the opportunity to cross benchmark our practices and tofurther improve on the progress made thus far. Some of the more significant areas are highlighted below.IOI Corporation BerhadAnnual Report 200358
The IOI Research Centre is carrying out field trials to investigate “Sustainable Agriculture” scientifically and practically,especially in maximising fertiliser-use efficiency and reducing soil erosion on sloping terrain. Shade-tolerant perenniallegume species (Mucuna bracteata) are being planted to promote nitrogen fixation, organic matter and soil conservationthroughout the life span of the palms.Biodiversity which is an important component of sustainability is also greatly emphasised by the Company. Variousspecies of timber trees, tropical fruit trees and flowers are planted around estate offices and housing complexes. One hasjust to visit our agro-tourism project at Sagil Estate (near Tangkak) to appreciate the commitment the Company has toconserve biodiversity. Timber species, e.g. teak, are also being tested on a trial basis.Biological control is integrated into pest management practices to minimise usage of pesticides. Beneficial plants (e.g.Cassia cobanensis and Tunera spp.) are planted to attract natural predators for biological control of bagworms and otherleaf-eating caterpillars which are major insect pests in oil palm plantations. Barn owl boxes are erected in the estates toincrease the owl population for biological control of rats which can cause significant yield reduction. We are probablyalso the largest user of buffaloes in oil palm estates for the industry. The large-scale use of buffaloes to complementmachines for infield collection of fruit bunches has led to reduction in soil compaction, biological weed control and tosome extent nutrient recycling, besides eliminating the need for non-renewable diesel fuel to run collection vehicles inthe fields.In integrated weed management, herbicides are selectively used to eradicate noxious weeds. Soft grasses are maintainedto prevent soil erosion. Where practical, mechanical weed control is practised to minimise use of herbicides.By-products from palm oil mills especially empty fruit bunches (EFB) and effluent decanter cakes are used wherenecessary as organic fertilisers to enhance yields resulting in cost-effectiveness in our fertiliser practices.EFB fibre is used as biofuel for power generation in palm oil mills and refinery. The Group is also studying the use of EFBas raw material for pulp and paper manufacturing. This will certainly add value to our oil palm plantations and enhancecompetitiveness.59IOI Corporation BerhadAnnual Report 2003
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www.ioigroup.comIOI Corporation Ber
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OPERATING BACKGROUNDThe Malaysian e
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FINANCIAL OVERVIEW cont’dGroup’
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Page 18 and 19: noticeofannualgeneralmeetingNOTICE
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Page 73 and 74: OPERATIONSThe Group’s palm oil re
Page 75 and 76: PROSPECTSThe oleochemical sub-segme
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Page 79 and 80: ACTIVITIES cont’dviiReview of the
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Page 93 and 94: otherinformationCOMPOSITION OF SHAR
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socialcontributions• In conjuncti
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directors’reportThe Directors of
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directors’report cont’dWARRANTS
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directors’report cont’dEXECUTIV
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directors’report cont’dDIRECTOR
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directors’report cont’dSIGNIFIC
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eportoftheauditors to the members o
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groupproperties cont’dAPLANTATION
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groupproperties cont’dBDEVELOPMEN
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groupproperties cont’dDINDUSTRIAL
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groupproperties cont’dEOTHER PROP
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LIST OF TOP 30 SHAREHOLDERS cont’
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fold hereIOI Corporation BerhadNo.
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Eng - IOI Group

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