ANNUAL REPORT 2023

EXPANSION INTO
FOOD PARKS

In China, rising affluence and rapid urbanisation has catalysed a profound shift in lifestyle and consumption patterns in the populace. Characterised by time constraints, convenience-seeking behaviours, and greater emphasis on food security and food safety, there is a growing demand for both ready-to-eat and ready-to-cook meals.

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CHAIRMAN’S MESSAGE

“We will continue to invest in developing new businesses that have synergies with our existing operations and position ourselves to tap on the growth potential of emerging markets. With a focus on improving efficiencies of our operations, reducing capital expenditure and extracting benefits from our past expansions, we believe that this strategic direction will enable us to deliver stronger results and greater value to our customers, partners and shareholders.”

Kuok Khoon Hong
Chairman and
Chief Executive Officer

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PERFORMANCE OVERVIEW

OPERATIONS REVIEW

FOOD
PRODUCTS

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FEED & INDUSTRIAL
PRODUCTS

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PLANTATION & SUGAR
MILLING

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OUR GLOBAL OPERATION

Wilmar is a global leader in processing and merchandising of edible oils, oilseed crushing, sugar merchandising, milling and refining, production of oleochemicals, specialty fats, palm biodiesel, flour milling, rice milling and consumer pack oils.