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1970
Maiden venture in the production of palm kernel oil & palm kernel expellers.
1975
Commenced refining of crude palm oil (CPO) with the distinction of being the first
Malaysian refinery to embark on physical refining of CPO. (Ceased operations in 1996)
1976
Ventured into property development activities.
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1980
Ventured into production of oleochemicals with the distinction of being the pioneer to
use exclusively palm based raw materials to manufacture fatty acids & glycerine - 30,000 MT/annum.
1981
Shares of Palmco Holdings Berhad (now called IOI Oleochemical Industries Berhad) listed on the Kuala Lumpur Stock Exchange (now called Bursa Malaysia Securities Berhad).
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1982
Acquired the Casuarina Beach Resort, Batu Ferringhi, Penang.
1983
Acidchem won the "New and Improved Product Development" award from
the Federation of Malaysian Manufacturers for 99% Lauric Acid.
1988
Acidchem's Second Series of Fatty Acid and Glycerine Plant came
on stream - 40,000 MT/annum.
Entered into a 30% joint-venture with Kao Corporation of Japan to
form Fatty Chemical (M) Sdn Bhd.
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1990
Acidchem's Hydrogen Plant came on stream
- 300Nm3/hour
Acidchem's Oleic Acid Plant started
- 8,000 MT/annum.
1992
Acidchem's Third Series of Fatty Acid and Glycerine Plant
came on stream - 70,000 MT/annum.
1994
Commenced production of Soap Noodles through Derichem.
Acidchem's Fatty Acid Hydrogenation Plant came on stream
- 33,000 MT/annum.
Acidchem's Flaking Plants started - 42,000 MT/annum.
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1995
Acidchem USA Inc established in New Jersey, USA.
Derichem's Second Soap Noodles Plant
started.
Acidchem's Second Hydrogen Plant came on stream - 500Nm3/hour.
Acidchem's Beading Plant started - 24,000 MT/annum.
Acidchem & Derichem achieved ISO9002 accreditation.
Ventured into production of Stearates via Stabilchem.
Ventured into oil palm plantation through Palmco Plantations (Sabah) Sdn Bhd.
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1996
Acidchem's Fourth Series of Fatty Acid Plants came on stream - 90,000 MT/annum.
Acidchem's Second Hydrogenation Plant came on stream - 52,000 MT/annum.
Entered into a 30% joint-venture with Kao Corporation of Japan to form Kao Plasticizer (M) Sdn Bhd.
1997
Stabilchem achieved ISO 9002 accreditation.
Palmco became an associated company of IOI Corporation Berhad.
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2001
Palmco became a subsidiary of IOI Corporation Berhad.
2002
Acidchem's Fifth Series of Fatty Acids & Glycerine Plants came on stream -
120,000 MT/annum. Biggest producer of Fatty Acids & Glycerine in Asia with a total capacity of 350,000 MT/annum.
Expanded oil palm plantation business through acquisition of Unipamol
(Malaysia) Sdn Bhd and Pamol Plantations Sdn Bhd. Total plantation hectarage increased to 29,000 hectares.
2003
Palmco Holdings Berhad changed its name to IOI Oleochemical Industries
Berhad to better reflect its identity as a member
of the IOI Group.
2004
Derichem and Stabilchem achieved HACCP/GMP certification.
2005
Acidchem achieved HACCP/GMP certification.
Acidchem, Derichem and Stabilchem attained ISO 14001 and OHSAS 18001 accreditations. |
