Deal #3186

Location #1

Spatial accuracy level
Administrative region
Location
Pahang, Malaysia

Target country
Malaysia

Location #2

Spatial accuracy level
Administrative region
Location
Negeri Sembilan, Malaysia

Target country
Malaysia

Location #3

Spatial accuracy level
Administrative region
Location
Johor, Malaysia

Target country
Malaysia

Land area

Size under contract (leased or purchased area, in ha)
[2013] 53000
[2016] 48165
Size in operation (production, in ha)
[2012] 49291
Comment on land area
The company acquired its first plantation in 1983 and has since expanded

Intention of investment

Intention of investment
Agriculture unspecified

Nature of the deal

Nature of the deal
Outright Purchase
Lease
Comment on nature of the deal
Part of the plantations are under lease, others under freehold.

Negotiation status

Negotiation status
[1983] Concluded (Contract signed)

Implementation status

Implementation status
[1983] In operation (production)

Contract #1

Duration of the agreement (in years)
86

Number of total jobs created

Jobs created (total)
Yes
Comment on jobs created (total)
There was as study conducted by an NGO stating that the company ha s many human rights violation with their employees such as failing to pay minimum wage, withholding passports and refusing their rights to join trade unions. Employs 28,000 people in several countries (Malaysia and Indonesia)

Operating company

Operating company
Comment on investment chain
The company has global presence across North and South America, Africa, Asia and Europe which is categorized as plantation and mill, resource based manufacturing and sales/procurement/regional office

 

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Data source #1

Data source type
Company sources
File
Date
2012-01-01

Data source #2

Data source type
Company sources
File
Comment on data source
2012 Annual report

Data source #3

Data source type
Company sources
File
Comment on data source
accessed 05:05:2015

Data source #4

Data source type
Company sources
File
Date
2016-06-30
Comment on data source
2016 Annual report

Data source #5

Data source type
Company sources
File
Date
2016-03-31

Data source #6

Data source type
Research Paper / Policy Report
File
Date
2016-11-01

Data source #7

Data source type
Company sources
File
Date
2016-02-01

Data source #8

Data source type
Company sources
File
Publication title
IOI Corporation Berhad CGS-CIMB 12th Annual Malaysia Corporate Day
Date
2020-01-06

How did the community react?

Comment on community reaction
There is a dispute with natives over plantation land in Sarawak.

Materialized benefits for local communities

Materialized benefits for local communities
Health
Education
Comment on materialized benefits for local communities
Community Welfare, Social Enterprise and Promotion of STEM

Detailed crop, animal and mineral information

Crops area
Oil Palm, Rubber tree

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
(2016) There was as study conducted by an NGO stating that the company ha s many human rights violation with their employees such as failing to pay minimum wage, withholding passports and refusing their rights to join trade unions.

July 28, 2020, 11:33 a.m.

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Jan. 8, 2017, 6:59 p.m.

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June 29, 2015, 4:49 p.m.

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May 5, 2015, 4:50 p.m.

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Aug. 13, 2013, 3:27 p.m.

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March 12, 2013, 10:13 p.m.

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Feb. 26, 2013, 5:40 p.m.

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