Corporate Milestones


  • 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, 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).
  • Acidchem and Derichem achieved ISO 22000 and ISO 22716 certification.
  • Pan-century Edible Oils achieved RSPO SCCS certification.
  • Pan-Century Edible Oils commissioned a new 24,000 mt Bulking Installation.
  • 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.
  • Esterchem (M) Sdn Bhd will build a new 20,000 mt Fatty Ester and Specialty Oleo Derivative production facility.
  • 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.
  • Derichem & Stabilchem achieved HACCP/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’s Fifth Series of Fatty Acids & Glycerine Plant 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 businesses through acquisition of Unipamol (Malaysia) Sdn Bhd and Pamol Plantations Sdn Bhd. Total plantation hectarage increased to 29,000 hectares.
  • 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 – 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.
  • 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 & 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 – 33,000 MT/annum.
  • Acidchem’s Flaking Plants started – 42,000 MT/annum.
  • Acidchem’s Third Series of Fatty Acid and Glycerine Plant came on stream - 70,000 MT/annum.
  • Acidchem’s Hydrogen Plant came on stream – 300Nm3/hour.
  • Acidchem’s Oleic Acid Plant started - 8,000 MT/annum.

70’s & 80’s

  • 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.
  • 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 prod uction 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.
  • 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.