Wilmar invests US$125.1m in palm oil plantation

NIGERIA - Wilmar plantation, a subsidiary of Biase Plantations Limited (BPL) has invested more than US$125 million in its palm oil plantations as well as corporate social responsibility projects. The investment is also geared towards education, capacity building, health, employment, and economic development. Wilmar looks forward to start production at the plantation having installed a…

Wilmar partners with palm oil certifier to allow Malaysian suppliers obtain certification

ASIA - Wilmar has partnered with Malaysian Palm Oil Certification Council (MPOCC) to help Wilmar’s suppliers in Malaysia obtain certification by the end of 2019, aimed to benefit 260 mill suppliers covering more than 55% of the entirety of mills in Malaysia. This drives Wilmar’s approach to sustainability, which seeks to develop quality products not…

Wilmar’s 25% increase in net profit, pushed higher by oilseeds and grains

SINGAPORE - Asia’s leading agribusiness group, Wilmar International’s profits have jumped to US$1.2 billion, 25% up from US$972.2 million in the same period in 2016, thanks to strong performance in the oilseeds and grains sector. The revenue for the year improved by 5.9% to US$43.84 billion; attributed by its wide portfolio of high quality agri-products.…