Completed additional investment in Shree Renuka Sugars Limited, raising our stake to about 39% in the leading sugar company in India.
Entered into a conditional 50:50 joint venture agreement with Tokyo-listed Lion Corporation for the manufacture and sale of methyl ester sulfonate, an ingredient used to produce detergents.
Acquired a 50% equity interest in Aalst Chocolate Pte Ltd, a home-grown chocolate manufacturer in Singapore.
Entered into an agreement to purchase Cargill’s edible oil facilities including a palm oil refinery and a storage facility in Kuantan, Malaysia, marking our first presence in the east coast of Peninsular Malaysia.
Entered into joint ventures with Singapore Food Industries to operate central kitchens in China.
Formed a 50:50 sugar joint venture with Raizen Energia S.A. called “Raizen and Wilmar Sugar Pte Ltd” which is set to become one of the largest exporters of Brazilian sugar to the world.
Olenex was launched as a full-function joint venture between Wilmar and ADM.
Formed a joint venture with Bunge in Vietnam by acquiring 45% of Bunge’s equity in its Vietnam crush operations, creating a three-party joint venture with Bunge and Wilmar as equal 45% shareholders and Quang Dung – a leading soybean meal distributor in Vietnam and majority owner of Green Feed, a growing Vietnamese feed milling business – retaining its existing 10% stake in the operations.
Completed acquisition of Goodman Fielder together with Hong Kong listed First Pacific Company Limited. Goodman Fielder is Australasia’s leading food company with a portfolio of well-known brands in some of Australia’s and New Zealand’s largest grocery categories.
Entered into an agreement whereby Olenex, a partnership with ADM to market oils and fats in Europe, will become a full-function joint venture with its own assets. This joint venture will also integrate raw materials sourcing, trading, as well as sales and marketing operations.
Established Nam Duong International Foodstuff Corporation, a joint venture company with Saigon Union of Trading Cooperatives, for the manufacture of sauces and condiments for both the domestic and export markets.
Formed Volac Wilmar Feed Ingredients, a joint venture group with Volac International Limited, to develop the added value animal feed fat business around the world
Formed joint venture company in Myanmar with Great Wall Food Stuff Industry Company Limited which shall acquire two sugar mills, a bioethanol plant and an organic compound fertiliser plant
Acquired an ethoxylation facility in Lavera, France from Huntsman Corporation
Entered into an agreement to acquire a strategic stake in Mumbai-based Shree Renuka Sugars Limited. Subject to relevant regulatory approvals, this investment will allow the Group to establish a significant presence in India and Brazil, the two most important sugar markets
Established footprint in Ethiopia through a joint investment agreement with Repi Soap and Detergent S. Co. for the upgrading of an existing manufacturing facility and building of a new integrated manufacturing complex
Acquired 27.5% stake in Cosumar S.A., the sole sugar supplier in Morocco. The company is also the third largest sugar producer in Africa, with ownership of one of the largest refineries in the world
Extension of the partnership with Tereos, to include corn and potatoes, and the formation of new Joint Venture in a corn starch facility in Tieling (Liaoning Province), northern China
Acquisition of 35% equity interest in Estate Management Services (Private) Limited (“EMSPL”) by Pyramid Wilmar Plantations (Private) Limited (an indirect 87.5% owned subsidiary of Wilmar). EMSPL’s principal activities are managing and superintending estates and plantation property in Sri Lanka.
Joint venture with Elevance Renewable Sciences, Inc., began shipping commercial products including novel specialty chemicals from their first world-scale biorefinery located in Wilmar’s integrated manufacturing complex in Gresik, Indonesia. The biorefinery is the first to utilise Elevance’s proprietary metathesis technology.
Joint venture with Clariant International Ltd, The Global Amines Company Pte Ltd, commenced production of amines in Lianyungang, China
First venture in the United States, Wilmar Oils & Fats (Stockton), LLC, commenced operations
Pledged commitment to an integrated policy of “No Deforestation, No Peat and No Exploitation” that aims to advance an environmentally and socially responsible palm oil industry
Issued S$250,000,000 of 3.50% 5-year Notes and S$100,000,000 of 4.10% 7-year Notes
Formed strategic partnership with Archer Daniels Midland Company (ADM) in tropical oils refining in Europe, global fertiliser purchasing and distribution, and global ocean freight operations. Launched Olenex CV. headquartered in Rolle, Switzerland to handle the sales and marketing of refined vegetable oils and fats to European Area and Switzerland.
Established a 50:50 joint venture company, Yihai Kerry Kellogg Foods (Shanghai) Company Ltd, with Kellogg Company for the manufacture, sale and distribution of breakfast cereals and savoury snacks in China
Formed a 50:50 Joint Venture with Clariant Ltd for production and sales of amines and selected amines derivatives
Acquired approximately 30,000 hectares of land in Nigeria for expansion of oil palm plantations
Establishment of Dongguan Yihai Kerry Syral Starch Technology Co., Ltd, a 51:49 joint venture between Yihai Kerry Investments Co., Ltd, an indirect wholly-owned subsidiary of Wilmar, and Syral China Investment, a wholly-owned subsidiary of Tereos Internacional, part of the French cooperative agro-industrial group Tereos. The principal activities of DYKSS will be the development, promotion, marketing, manufacturing and sale in China and export from China of wheat starch and derivatives (including sweeteners), and wheat gluten.
Further expanded into the sugar business through the acquisition of PT Duta Sugar International in Indonesia and Proserpine Mill in Australia
Expanded its African footprint to Ghana through the acquisition of Benso Oil Palm Plantations Limited, a company listed on Ghana Stock Exchange
Established South African subsidiary, Wilmar Continental Edible Oils and Fats (Pty) Limited (“Wilmar Continental”). Wilmar Continental is an indirect 54.61% owned subsidiary of Wilmar held through Wilmar Resources Pte Ltd and Equatorial Trading Limited. The principal activities of Wilmar Continental include oilseed crushing, refining and bottling of edible oils and distribution to manufacturers, wholesale and the retail markets.
Expanded into the sugar business through the acquisition of Sucrogen Limited (now known as Wilmar Sugar Australia Limited), the largest raw sugar producer and refiner in Australia, and PT Jawamanis Rafinasi, a leading sugar refinery in Indonesia
Acquired Natural Oleochemicals, a leading oleochemicals producer with significant market share in Europe and Asia and a growing presence in USA
Formation of Joint Venture with Elevance Renewable Sciences, to construct a world sale biorefinery to produce green olefins, multifunctional esters and acids, and premium mixture of oleochemicals and advanced biofuels
Acquisition of business of Windsor & Brook Trading Pte Ltd, a Singapore sugar trading company, by Wilmar’s wholly owned subsidiary, Wilmar Trading Pte Ltd
Joint Venture between Wilmar and PZ Cussons to establish a palm oil refinery and food ingredients business in Nigeria
Formed a joint venture with Nizhny Novgorod Fats & Oils Group and Delta Exports Pte Ltd to spearhead expansion in Russia and the CIS countries
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 a joint venture (JV) 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. The JV was aimed at developing a regional leadership position in palm oil, natural rubber, sugar and potentially in other agricultural plantation crops in Africa
Successfully launched the inaugural US$600 million convertible bonds issue due 2012
Entry into the Philippines with the setting-up of two coconut oil mills and refineries in Roxas, Zamboanga del Norte and Gingoog, Misamis Oriental
Renamed Wilmar International Limited on 14 July 2006 upon completion of the reverse takeover of Ezyhealth Asia Pacific Ltd
Re-listed on the Singapore Exchange on 8 August 2006 after a successful equity placement exercise at S$0.80 per share, which raised approximately US$180 million
Concluded a major capacity expansion drive through the completion of:
three refineries with an aggregate daily capacity of 4,500 MT
three fractionation plants with an aggregate daily capacity of 4,500 MT
four palm kernel crushing plants with an aggregate daily capacity of 800 MT
four palm oil milling plants with an aggregate hourly capacity of 200 MT
one compound fertiliser manufacturing plant with a daily capacity of 1,000 MT
one refinery (daily capacity of 2,500 MT) and one fractionation plant (daily capacity of 2,000 MT) in East Malaysia, in a joint-venture with TSH Resources Bhd
Expanded oil palm plantation acreage through:
Acquisition of five plantation companies with a combined land bank of 85,000 hectares in Kalimantan, Indonesia
Acquisition of 25,000 hectares land bank by two existing subsidiaries
Acquisition of a plantation company with a land bank of 30,000 hectares in Jambi, Sumatra, of which 12,700 hectares are planted
Acquired a controlling interest in Jakarta Stock Exchange listed PT Cahaya Kalbar Tbk, a producer of specialty oils and fats for the chocolate, cocoa confectionery industry, bakery and cakes ingredient industry, and beverage and food industry
First oleochemical plant commenced operation in Shanghai
Established first compound fertiliser manufacturing plant with a production capacity of 120,000 tonnes per year
Began developing and marketing own brand of Sania edible oil consumer pack in Indonesia to create brand awareness
Acquired three copra crushing plants in Sulawesi with an aggregate daily capacity of 900 MT
- Entered the Indian market through Wilmar Adani Limited, a joint venture with the Adani Group of India
Expanded into the production of higher value-added downstream products through the establishment of the first specialty fats plant with a capacity of 100 MT per day
Expanded refinery operations into Malaysia with the acquisition of one palm oil refinery plant and one fractionation plant in Butterworth, Malaysia. Both plants were upgraded from a daily capacity of 500 MT to 1,000 MT upon commissioning
Established first palm oil milling plant with a capacity of approximately 40 MT per hour
Purchased first liquid bulk vessel with cargo capacity of 6,500 dwt to provide logistics and transportation support to business operations
Commenced operations as a palm oil trading company
Established first oil palm plantation in Western Sumatra from the land bank
Acquired two crushing plants in Northern Sumatra and Riau, each with a capacity of approximately 50 MT per day
Acquired a refinery in South Sumatra with a capacity of approximately 100 MT per day
Started construction of a 700 MT capacity refinery in Riau