Operations Review

At the core of Wilmar’s strategy is a resilient business model encompassing the entire value chain of the agricultural commodity business, from origination, processing, merchandising to manufacturing of a wide range of branded consumer products.

Over the years, we have invested substantially in building an integrated agri and food business which gives us economies of scale and operational efficiencies, allowing us to be one of the most efficient producers in the industry.

This efficiency is complemented by our strategically located facilities found near the coastal areas of both origin and destination markets, which enable us to manage transport, logistic and operational costs effectively. We also own a fleet of liquid and dry bulk carriers to support our shipping requirements. As at 31 December 2020, the Group owned and controlled tankers / dry bulk vessels with a total tonnage of about 2.8 million MT.

Global Manufacturing Capacities

As at 31 December 2020, the Group has plants located in the following countries/regions:

* Edible oil refining capacity includes palm oil and soft oils
** Crushing capacity includes oilseeds crushing and rice bran extraction

Company Developments

In 2020, we accelerated our investments especially in China and Indonesia, adding oil refinery, crushing plants, flour mills, rice mills, consumer edible oil, flour and rice packing plants and ships. A major project in China is the Central Kitchen project which we intend to implement in most of our manufacturing complexes. This is the Group’s most important project and will contribute significantly to our development in China.

In our sugar business in India, we optimised our existing ethanol capacity and are planning new capacities. We also restarted our Haldia sugar refinery.