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Corporate Milestones



  • A team representing IOI Acidchem won 1 Gold Award in the ICC Convention 2018 with their Vapour Absorption Chiller project.
  • IOI Pan-Century won “Exceptional Achievement” in the Prime Minister’s Hibiscus Award 2016/2017 in its exemplary performance in protecting the environment and promoting sustainable development.


  • IOI Acidchem achieved ISO 50001 Energy Management System certification.
  • IOI Acidchem achieved MS 1480:2007 Food Safety System according to HACCP system certification.
  • Recertification of IOI Acidchem & IOI Esterchem to ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007.
  • IOI Esterchem achieved FSSC 22000, GMP+ B2 & MS 1480 certification.
  • IOI Acidchem acquired Derichem.


  • IOI Acidchem had a surveillance audit extended to Derichem and IOI Esterchem for ISO 9001:2008, 14001:2004 & OHSAS 18001:2007.
  • IOI Oleo was awarded Best-In-Class Oleochemical Producer in Anugerah Industri Sawit Malaysia 2015/2016.


  • Acidchem achieved FSSC 22000:2005 certification.
  • Esterchem started its first commissioning and delivery.
  • Esterchem (M) Sdn Bhd changed its name to IOI Esterchem(M) Sdn Bhd.
  • Acidchem International Sdn Bhd changed its name to IOI Acidchem Sdn Bhd.
  • IOI Acidchem was awarded Excellent Achievement in Environmental Performance in Prime Minister’s Hibiscus Award 2014/2015.


  • Venture into production of new fatty esters & specialty oleo derivatives under IOI Esterchem (M) Sdn Bhd.
  • Acidchem won 1 Gold & 4 Silvers in CICM Responsible Care Award 2013/2014.


  • Embraced the "Go Green" philosophy by harvesting solar energy from the sun through photovoltaic cells. Registered for Solar Power Generation with the Sustainable Energy Development Authority (SEDA).
  • Acidchem achieved GMP Q7A certification from National Pharmaceutical Control Bureau (NPCB).
  • Acidchem participated in ICC Convention and won Gold with 2 stars.
  • Awarded 4 Golds in the Prime Minister’s Hibiscus Award 2012/2013.
  • Acidchem won 5 Golds in CICM Responsible Care Award 2012/2013.
  • IOI Oleo won the Best Innovation Award in the Commodity Industry Awards 2013.


  • Acidchem, Derichem and Pan-Century Oleochemicals achieved RSPO SCCS certification.
  • IOI Oleo won the Best Oleochemical Factory Award for the third time from the Malaysian Palm Oil Board (MPOB).
  • Received 2 Gold Awards & 3 Silver Awards in CICM Responsible Care Award 2012.
  • Awarded Best-In-Class in the Anugerah Industri Sawit 2012.


  • Acidchem and Derichem achieved ISO 22000 : 2005 and ISO 22716 certification.
  • Pan-Century Edible Oils achieved RSPO SCCS certification.
  • Pan-Century Edible Oils commissioned a new Bulking Installation.
  • Received 2 Platinum Awards, 1 Gold Award & 2 Silver Awards in CICM Responsible Care Award 2010.


  • Acidchem completed migration to new ERP system, SAP.
  • Acidchem received 2 Platinum, 1 Gold and 1 Silver for the Chemical Industries Council of Malaysia’s (CICM) Responsible Care Award.
  • Acidchem filed the Drug Master File for Active Pharmaceutical Ingredient (API) to FDA.


  • The commissioning of AEP2.


  • Became world’s largest oleochemical producer following its acquisition of Pan Centurty Edible Oils and Pan Century Oleochemicals.
  • Entered a 40% joint-venture with Peter Greven of Germany to form Peter Greven Asia Sdn Bhd.
  • Acidchem won the Best-In-Industry Company for the Commodity Industry from the Ministry of Plantation Industries and Commodities.


  • IOI Oleochemical Industries Berhad is privatized by its parent company IOI Corporation Berhad.
  • Acidchem achieved ISO 17025 accreditation.
  • Acidchem achieved GMP B2+ certification


  • Acidchem achieved HACCP/GMP certification.
  • Acidchem, Derichem & Stabilchem attained ISO 14001 and OSHAS 18001 accreditations.


  • The commissioning of AEP1.
  • Derichem & Stabilchem achieved HACCP/GMP certification.
  • Acidchem achieved GMP+ certification.


  • Palmco Holdings Berhad changed its name to IOI Oleochemicals Industries Sdn Bhd to better reflect its identity as a member of the IOI Group.
  • Acidchem & Derichem upgraded their ISO 9002:1994 to ISO 9001:2000.


  • Acidchem’s Fifth Series of Fatty Acids & Glycerine Plant came on stream. Biggest producer of Fatty Acids & Glycerine in Asia.
  • Expanded oil palm plantation businesses through acquisition of Unipamol (Malaysia) Sdn Bhd and Pamol Plantations Sdn Bhd. Total plantation hectarage increased.


  • Palmco became a subsidiary of IOI Corporation Berhad



  • Stabilchem achieved ISO 9002 accreditation.
    Palmco became an associated company of IOI Corporation Berhad.


  • Acidchem’s Fourth Series of Fatty Acid Plants came on stream.
  • Acidchem’s Second Hydrogenation Plant came on stream.
  • Entered into a joint-venture with Kao Corporation of Japan to form Kao Plasticizer (M) Sdn Bhd.


  • Acidchem USA Inc established in New Jersey, USA.
  • Derichem’s Second Soap Noodles Plant started.
  • Acidchem’s Second Hydrogen Plant came on stream.
  • Acidchem & Derichem achieved ISO 9002 accreditation.
  • Ventured into production of Stearates via Stabilchem.
  • Ventured into oil palm plantation through Palmco Plantation (Sabah) Sdn Bhd.


  • Commenced production of Soap Noodles through Derichem.
  • Acidchem’s Fatty Acid Hydrogenation Plant came on stream.
  • Acidchem’s Flaking Plants started.


  • Acidchem’s Third Series of Fatty Acid and Glycerine Plant came on stream.


  • Acidchem’s Hydrogen Plant came on stream.
  • Acidchem’s Oleic Acid Plant started.

70’s & 80’s


  • Acidchem’s Second Series of Fatty Acid and Glycerine Plant came on stream – 40,000 MT/annum.
  • Entered into a joint-venture with Kao Corporation of Japan to form Fatty Chemical (M) Sdn Bhd.


  • Acidchem won the “New and Improved Product Development” award from the Federation of Malaysian Manufacturers for 99% Lauric Acid.


  • Shares of Palmco Holdings Berhad (now called IOI Oleochemicals Industries Berhad) listed on the Kuala Lumpur Stock Exchange (now called Bursa Malaysia Securities Berhad).


  • Ventured into production of oleochemicals with the distinction of being the pioneer to use exclusively palm based raw materials to manufacture fatty acids & glycerine.


  • Venture into property development activities.


  • 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).


  • Maiden venture in the production of palm kernel oil & palm kernel expellers.

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