Wilmar International Limited (OTC: WLMIY, WLMIF, SGX: F34) was founded in 1991 and is headquartered in Singapore, with 90,000 full-time employees. It is one of the world’s four largest agricultural products producers, operating in China and internationally .
Wilmar International (WLMIY):
Wilmar International Limited was established in 1991. It is a leading agribusiness group in Asia and one of the largest listed companies on the Singapore Exchange by market capitalization. This is a Singapore investment holding company that provides management services to more than 400 subsidiaries. In 2017, it ranked 239th in the Fortune Global 500 list.
Wilmar International’s business activities include oil palm cultivation, edible oil refining, oilseed pressing, consumer packaged edible oil processing and sales, specialty fats, oleochemicals and biodiesel manufacturing, and grain processing and sales. It has more than 450 manufacturing plants and an extensive distribution network covering China, India, Indonesia and about 50 other countries.
Wilmar’s sales and processing department includes the sales of palm oil and laurel-related products, the operation of palm oil processing and refinery operations and the crushing, further processing and refining of a series of edible oils, oilseeds, grains and soybeans. Its consumer products division has oil bottling operations in the People’s Republic of China, Vietnam and Indonesia. Its plantations and palm oil factories are engaged in oil palm cultivation and milling. Other sectors include manufacturing and distribution of fertilizers and ship leasing services.
Wilmar International is divided into 4 departments to operate : Tropical Oils, Oilseeds and Grains, Sugar and Others.
Wilmar International is engaged in oil palm cultivation, harvesting and oil extraction, mainly providing palm oil and palm kernel oil; and grinding of fresh palm fruit bunches. As of December 31, 2016, the company has oil palm plantations in Indonesia, East Malaysia and Africa, covering an area of 241,892 hectares.
Wilmar International is also engaged in the processing, sales, branding and distribution of palm oil and laurel-related products (including oleochemicals and biodiesel); and oilseed products such as soybeans, rapeseed, sunflower seed, cottonseed oil, rapeseed, and peanuts , Corn and rice bran oil and its products, as well as rice, flour, wheat bran flour and bran, etc. are supplied to distributors, wholesalers, feed millers, industrial users and retailers.
In addition, Wilmar International also produces and sells edible oil, rice, flour, grains and noodles to traditional retail stores, supermarkets, convenience stores and supermarkets under its own brand.
In addition, Wilmar International is also engaged in the grinding, refining, sales, brand promotion and distribution of white sugar, brown sugar, white sugar and syrup in bulk and packaging; power generation and sales of electricity; production and sales of bioethanol and nitrogen, phosphorus and potassium compounds Fertilizer; distribution of a range of chemicals and specialty ingredients; ship ownership, leasing, brokerage and management activities.
Wilmar International (WLMIY) subsidiary:
Wilmar International has more than 400 subsidiaries, and we only introduce one that may be common to everyone- Yihai Kerry .
Yihai Kerry Investment Co., Ltd. (Yihai Kerry Group) is a company invested by Singapore Fengyi International Co., Ltd. in China, focusing on grain and oil processing, warehousing and logistics, domestic and foreign trade, and integrating coal management, clean energy development, and real estate. The group company is also one of the largest grain and oil processing groups in China. The company is headquartered in Lujiazui, Pudong New District, Shanghai, and is a wholly-owned Singaporean enterprise.
In the 1980s, Kerry Cereals and Oils established a factory in Shekou, Shenzhen, and produced China’s first small-package edible oil brand ” Golden Dragon Fish “. At the end of 2006, Wilmar International acquired Kerry Grains and Oils under Singapore’s Kuok Group for US$2.7 billion and merged Kerry Grains and Oils with its subsidiary Yihai Group in China to become Yihai Kerry Investment Co., Ltd.
On July 22, 2009, Yihai Kerry acquired a 25% stake in Tibet Glacier Mineral Water Co., Ltd. After that, Yihai Kerry withdrew from Tibet Glacier Mineral Water Co., Ltd.
Yihai Kerry’s brands :
1. Edible oil and rice noodle products
- Orchid Flower
- Fragrant Garden
2. Special grease
- Sea King
- Golden oriole
3. Daily chemical products
- Clean King 100 Series
- Dish soap
- Laundry soap
- washing powder
- Laundry detergent
- Green polyester
Wilmar International (WLMIY) History:
In 2005, Wilmar International acquired a controlling interest in PT Cahaya Kalbar Tbk, a company listed on the Jakarta Stock Exchange. PT Cahaya Kalbar Tbk is a producer of specialty oils and fats in the chocolate, cocoa confectionery, bakery and cake ingredient industries, and the beverage and food industries. .
In 2006, after completing the reverse takeover of Ezyhealth Asia Pacific Ltd., it was renamed Wilmar International Limited on July 14.
In 2007, Wilmar International completed the merger with Kuok Group’s palm plantation, edible oil, grains and related businesses for US$2.7 billion.
In 2007, Wilmar International acquired the edible oil, oilseed, grain and related businesses of Wilmar Holdings Pte Ltd (WHPL) for US$1.6 billion, including those held by Archer Daniels Midland Asia Pacific (ADM) and its subsidiaries. rights and interests.
In 2007, Wilmar International established a joint venture with Olam International Ltd (Olam International Ltd) and SIFCA Group (SIFCA Group). The group is one of Africa’s largest agro-industrial groups. It produces palm oil and cottonseed oil in Africa. The natural rubber and sugar industries have significant interests. The goal of the joint venture is to establish a leading position in the development of palm oil, natural rubber, sugar and potentially other agricultural plantation crops in Africa.
In 2007, Wilmar International entered the Philippines and established two coconut oil plants and refineries in Roxas, Zamboanga del Norte and Gingoog, Misamis Oriental.
In 2008, Wilmar International formed a joint venture with Nizhny Novgorod Fats & Oils Group and Delta Exports Pte Ltd to lead the development of regional business in Russia and the CIS.
In 2009, Wilmar International planned to spin off its Chinese business and list it on the Hong Kong Stock Exchange, raising a maximum of 31.2 billion Hong Kong dollars. Afterwards, Wilmar International cancelled the spin-off plan.
On July 5, 2010, Wilmar International of Singapore successfully acquired Sucrogen Limited, the sugar industry and renewable energy business of CSR Group in Australia, for A$1.75 billion (US$1.47 billion). The offer includes A$1.35 billion in cash and assumes a net debt of A$403 million.
In 2010, Wilmar International acquired PT Jawamanis Rafinasi, a leading sugar factory in Indonesia. Entered the sugar business through two acquisitions this year.
In 2010, Wilmar International acquired Natural Oleochemicals, a leading oleochemical producer with significant market shares in Europe and Asia, and its business volume in the United States is increasing.
In 2011, Wilmar International further expanded its sugar business by acquiring PT Duta Sugar International in Indonesia and Proserpine Mill in Australia.
In 2011, Wilmar International expanded its footprint in Africa by acquiring Benso Oil Palm Plantations Limited, which is listed on the Ghana Stock Exchange.
In 2012, Wilmar International acquired approximately 30,000 hectares of land in Nigeria to expand oil palm plantation.
In 2012, Wilmar International and Kellogg Company established a 50:50 joint venture Yihai Kerry Kellogg Foods (Shanghai) Company Ltd (Yihai Kerry Kellogg Foods (Shanghai) Company Ltd), Used to manufacture, sell and distribute breakfast cereals and savoury snacks in China
In 2012, Wilmar International and Clariant Ltd established a 50:50 joint venture for the production and sale of amines and selected amine derivatives.
In 2012, Wilmar International established a strategic partnership with Archer Daniels Midland (ADM) to refine oil in Europe, sourcing and distributing fertilizers globally, and global shipping operations. In the same year, Olenex CV was established, headquartered in Rolle, Switzerland, responsible for the sales and sales of refined vegetable oils and fats to Europe and Switzerland.
In 2012, Wilmar International completed four palm oil processing plants with a total capacity of 200 tons per hour.
In 2012, Wilmar was named the world’s least environmentally friendly company by the US news magazine “Newsweek”.
In 2013, due to poor environmental protection performance, Wilmar International was divested by the Government Pension Fund of Norway, Europe’s largest shareholder, in 2013.
In 2015, Wilmar International, together with First Pacific (SEHK: 142), acquired Goodman Fielder’s Australia and New Zealand operations for A$1.3 billion.