IOI Corporation: Driving Innovation in Malaysia's palm oil industry

AIBP ASEAN B2B Growth

In this episode, Mr. Kong Kian Beng, CFO of IOI Corporation Berhad, discusses how the company has leveraged technology and innovation over the past few decades to transform and grow its palm oil business. He provides an overview of IOI's history, its move into palm oil in the 1980s when many saw it as a sunset industry, and its investments in downstream capabilities like oleochemicals and specialty fats. Mr. Kong also shares IOI's digital transformation journey and how they are getting ready for future technologies like AI, highlights how traditional industries can embrace innovation and technology to drive growth.