IOI Five-Year Plan (2020-2024)
IOI GROUP
IOI Five-Year Plan (2020-2024)
•
Progress from a cost competitive palm oil producer to a high value-added diversified palm-based
products producer, to increase resilience and competitiveness for the future
"
1
Increase
yield
■
Target: Increase plantation oil yields by 15% by 2024
■ Utilise elite clonal palms in 50% of our replanting materials.
■ Ensure proper fertiliser application to increase target yields.
2
Optimize
workforce
3
Diversify
◉
■
■
Target: Reduce workforce by more than 25% by 2024 and
increase plantation worker productivity by 3% every year
Implemented Mechanised FFB Main Line Evacuation System in
75% of estates.
Implemented SAP ERP and mobile crop monitoring in Malaysian
plantations.
Employing mechanical fertiliser spreaders and chemical sprayers.
■ Target: Diversify planting of crops
■ Plant three types of fast growing and high value crops such as
coconut.
crops
9View entire presentation