Eng - IOI Group

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management’sdiscussionandanalysis • review of core business operations cont’dStearatesOil PalmPlantationsFFBCPO MillsCPORefineryOleo-ChemicalsSoap NoodlesPKKCPCPKOFatty Acids &GlycerineFatty AlcoholEstersSnackIngredientsOther Oils& FatsSpecialtyOils & FatsLipidNutritionSpecialProducts UnitIOI Corporation BerhadAnnual Report 200370
OPERATIONSThe Group’s palm oil refinery and kernel crushing plant (“KCP”) are located in Sandakan, Sabah with a refining capacityof 700,000 MT and kernel crushing capacity of 250,000 MT per annum. The refinery and KCP process mostly the CPO andkernels of the Group’s own oil mills in Sabah.For the oleochemical operations, the activities are undertaken through the subsidiary companies of Palmco namely,Acidchem Sdn Bhd (“Acidchem”), Derichem Sdn Bhd and Stabilchem Sdn Bhd that produce fatty acids, glycerine, soapnoodles and metallic stearates as well as through Palmco’s 30% owned associated company, Fatty Chemicals MalaysiaSdn Bhd (“FCM”) for the production of fatty alcohol. Acidchem which has completed its plant expansion in the previousfinancial year with a production capacity of about 330,000 MT is the largest fatty acid producer in Asia.The acquisition of Loders Croklaan expanded our palm-based down stream manufacturing activities significantly, both interms of product portfolio and geographical presence. Loders Croklaan which has manufacturing facilities in theNetherlands, North America and Egypt has a long tradition of innovation and R&D excellence. The specialty oils and fatsmanufacturer has three main operating divisions, i.e. Snack Ingredients (“SI”), Lipid Nutrition (“LN”) and Special ProductsUnit (“SPU”). The SI division produced value added fractionated oils and fats to the food industry whilst the LN divisionwas established in recent years to develop highly modified lipid products with specific health functionalities for thesupplement industry. The SPU is the smallest operation of Loders Croklaan that supplies both food and animal feedingredients.The location map of the Group’s palm-based manufacturing facilities is shown on page 100-101 of the Annual Report.71IOI 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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REVIEW OF RESULTS cont’dEBIT cont
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OTHER CORPORATE DEVELOPMENT AND GRO
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SOCIAL CONTRIBUTIONSAs a responsibl
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ACKNOWLEDGEMENTOn behalf of the Boa
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noticeofannualgeneralmeetingNOTICE
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noticeofannualgeneralmeeting cont
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Page 27 and 28: oardofdirectorsTan Sri Dato’ Lee
Page 29 and 30: Dato’ Lee Yeow ChorExecutive Dire
Page 31 and 32: Datuk Khalid b Hj HusinIndependent
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Page 38 and 39: five-yearfinancialhighlightsIn RM
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Page 45 and 46: ECONOMIC PROFIT AND RETURNS cont’
Page 47 and 48: RISK MANAGEMENTThe Group has in pla
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Page 51 and 52: management’sdiscussionandanalysis
Page 53 and 54: Area Statement (In Hectares)Year en
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Page 67 and 68: RESULTS cont’dThe Group’s overa
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Page 71: management’sdiscussionandanalysis
Page 75 and 76: PROSPECTSThe oleochemical sub-segme
Page 77 and 78: 4 Duties and ResponsibilitiesIn ful
Page 79 and 80: ACTIVITIES cont’dviiReview of the
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Page 85 and 86: Re-electionIn accordance with the C
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Page 91 and 92: NATURE OF OUR INTERNAL CONTROLS CON
Page 93 and 94: otherinformationCOMPOSITION OF SHAR
Page 95 and 96: Type of Recurrent Interested Direct
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Page 99 and 100: 27 Tan Sri Dato’ Lee Shin Cheng i
Page 101 and 102: groupbusinessstructurePlantationPla
Page 103 and 104: EuropeNetherlands : Wormerveer and
Page 105 and 106: ■ Plantation1 Bukit Dinding Estat
Page 107 and 108: • The exercise price of Warrants
Page 109 and 110: MARCH 2003• IOI achieved a 5th pl
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directors’report cont’dRESERVES
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directors’report cont’dDIRECTOR
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directors’report cont’dSTATUTOR
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directors’report cont’dSIGNIFIC
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incomestatements for the financial
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statementsofchangesinequity for the
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statementsofchangesinequity for the
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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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