IOI Corp’s mill likely to break even in two years

MBSB Research remains positive on the group’s near-mid-term outlook.

PETALING JAYA: IOI Corp Bhd’s first integrated coconut mill complex in Segamat, Johor will complement its existing downstream operations and the venture is expected to break even in two years.

According to MBSB Research, it will enable the plantation group to offer high-value coconut lauric-based derivatives and strengthen its position in the specialty oils and fats segment.