PUTRAJAYA – IOI Corporation Bhd intends to increase its annual capital investment to around RM900 million, up from RM750 million last year, to support plantation operations and future growth. The company forecasts crude palm oil (CPO) prices to stay stable around RM4,500 to RM4,600 per tonne, indicating a positive outlook for the plantation sector. IOI Corp is also looking into other solar energy projects as part of its expansion ambitions, indicating a rising interest in renewable energy usage. Increased investment in plantation infrastructure, machinery upgrades, and energy facilities may boost demand for industrial maintenance, used lubricant collection, scheduled waste management, and environmental compliance services.
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(Source: The Star)