Wilmar International
Encyclopedia
Wilmar International Limited founded in 1991, is Asia’s leading agribusiness group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (second largest as of Sep 2010). It is a Singapore
-based investment
holding company
that provides management
services to its 400+ subsidiary
companies.
Wilmar International business activities include oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals, and biodiesel
manufacturing, and grains processing and merchandising.
Wilmar's merchandising and processing segment encompass (1) merchandising of palm oil and laurics-related products; (2) operations of palm oil processing and refinery
plants; (3) crushing, further processing and refining of a range of edible oils, oilseeds, grain
s and soyabean. Its consumer products segment has oil bottling business in People's Republic of China
, Vietnam
and Indonesia
. Its plantation and palm oil mills segment engages in oil palm cultivation and milling
. Other segment includes manufacturing
and distribution
of fertiliser and ship
-chartering
services.
According to Friends of the Earth Netherlands Wilmar International puts forest fires and violates the rights of the local population.
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
-based investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
that provides management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
services to its 400+ subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
companies.
Wilmar International business activities include oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals, and biodiesel
Biodiesel
Biodiesel refers to a vegetable oil- or animal fat-based diesel fuel consisting of long-chain alkyl esters. Biodiesel is typically made by chemically reacting lipids with an alcohol....
manufacturing, and grains processing and merchandising.
Wilmar's merchandising and processing segment encompass (1) merchandising of palm oil and laurics-related products; (2) operations of palm oil processing and refinery
Refinery
A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value.-Types of refineries:Different types of refineries are as follows:...
plants; (3) crushing, further processing and refining of a range of edible oils, oilseeds, grain
GRAIN
GRAIN is a small international non-profit organisation that works to support small farmers and social movements in their struggles for community-controlled and biodiversity-based food systems. Our support takes the form of independent research and analysis, networking at local, regional and...
s and soyabean. Its consumer products segment has oil bottling business in People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
, Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
and Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
. Its plantation and palm oil mills segment engages in oil palm cultivation and milling
Mill (grinding)
A grinding mill is a unit operation designed to break a solid material into smaller pieces. There are many different types of grinding mills and many types of materials processed in them. Historically mills were powered by hand , working animal , wind or water...
. Other segment includes manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and distribution
Distribution (business)
Product distribution is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user.The other three parts of the marketing mix are product, pricing,...
of fertiliser and ship
Ship
Since the end of the age of sail a ship has been any large buoyant marine vessel. Ships are generally distinguished from boats based on size and cargo or passenger capacity. Ships are used on lakes, seas, and rivers for a variety of activities, such as the transport of people or goods, fishing,...
-chartering
Chartering (shipping)
Chartering is an activity within the shipping industry. In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route or alternatively may be expressed in...
services.
Wilmar Today
Wilmar is today (as of 2010):- the largest global processor and merchandiser of palm and lauric oils;
- one of the largest plantation companies in Indonesia/Malaysia;
- the largest palm biodiesel manufacturer in the world;
- a leading consumer pack edible oils producer, oilseeds crusher, edible oils refiner, specialty fats and oleochemicals manufacturer in China;
- one of the largest edible oils refiners and a leading producer of consumer pack edible oils in India;
- the largest edible oils refiner in Ukraine; and
- the leading importer of edible oils into East Africa and one of the largest importers of edible oils into South-east Africa.
According to Friends of the Earth Netherlands Wilmar International puts forest fires and violates the rights of the local population.
2006
- Renamed Wilmar International Limited on 14 July 2006 upon completion of the reverse takeover of Ezyhealth Asia Pacific Ltd.
2007
- Completed the merger with Kuok Group’s palm plantation, edible oils, grains and related businesses in a deal worth US$2.7 billion, as well as a restructuring exercise to acquire the edible oils, oilseeds, grains and related businesses of Wilmar Holdings Pte Ltd (WHPL), including interests held by Archer Daniels Midland Asia Pacific (ADM) and its subsidiaries in these businesses, for US$1.6 billion.
- Formed Joint Venture with Olam International Ltd and SIFCA Group, one of Africa’s largest agro -industrial groups with significant interests across palm oil, cotton seed oil, natural rubber and sugar sectors in Africa.
2010
- Acquired Australian conglomerate CSRCSR LimitedCSR Limited is a major Australian industrial company, producing aluminium and building products. It is publicly traded on the Australian Securities Exchange. In 2009, it has approximately 10,000 employees and during a period of a major cyclical downturn the company made an after-tax profit of...
's sugar business Sucrogen, world's fifth-largest sugar-refiner, for US$1.47 billion.