Edible oil processor Bidco Uganda undertakes second palm oil production project to boost output

UGANDA – Bidco Uganda Limited, Uganda’s leading producer of edible oil and the only company that owns and operates palm oil plantation in East Africa, is seeking to double its output to 80,000 tons. BUL, jointly owned by Wilmar International, Josovina Commodities Pte Ltd. of Singapore and Bidco Africa Ltd. of Kenya, is already producing as much as 40,000 tons of palm oil from its Bugala island estate on Lake Victoria, reports Bloomberg. The company is establishing its second palm oil project on Buvuma Island and targets to have 1,000…

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Wilmar Africa launches two new rice brands in Ghana joining in drive towards self-sufficiency

GHANA – Wilmar Africa Limited, Ghanaian subsidiary of leading food processing and investment holding company, Wilmar International has expanded its rice portfolio, launching two new variants of the Fortune and Viking brands. The new products dubbed Fortune Emo Pa Local Rice and Viking Emo Local Rice, consist of premium jasmine rice grown locally in the Volta region. According to the company, the launch is aimed to bring more choices to consumers and support the local rice industry as the country gears towards becoming self-sufficient in production. “Wilmar Africa is venturing…

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ADM completes secondary block trade of portion of Wilmar’s ownership for US$550m

USA – The Archer-Daniels-Midland Company (ADM), an American global food processing and commodities trading corporation, has completed the sale of its secondary block trade of shares in its Singapore-based agribusiness joint-venture, Wilmar, for approximately US$550 million. Following the transaction, ADM will retain at least a 20% strategic ownership stake in the company. In 2018, ADM chairman and CEO Juan Luciano told investors that ADM’s stake in Wilmar had surpassed the 25% mark which was a milestone in the company’s growth journey. ADM expects to use the net proceeds from the deal…

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Wilmar embarks on construction of US$81m crude vegetable oil refinery in South Africa

SOUTH AFRICA – Construction of the R1.3 billion (US$81m) Wilmar Processing South Africa project, subsidiary of Asia’s leading agribusiness group Wilmar International is set to start this month with completion to be in April 2022. The crude vegetable oil refining facility at Richards Bay Industrial Development Zone (RBIDZ) would be used to produce cooking oil, mayonnaise and margarine. “The construction programme will have many benefits for the communities in and around Richards Bay. Following extensive discussions with RBIDZ and our commitment to partner with communities wherein we operate, Wilmar Processing…

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Associated British Foods and Wilmar forms China joint venture

CHINA – Associated British Foods plc has entered into a binding agreement with Yihai Kerry Arawana Holdings Co., Ltd, a subsidiary of Wilmar International Limited to form a joint venture in China. The 50:50 JV will be responsible for the manufacture, sale and distribution of yeast and bakery ingredients in the Chinese market. The JV will acquire existing Chinese yeast and bakery ingredients activities of AB Mauri, a division of ABF, while leveraging on Yihai Kerry Arawana’s supply chain, extensive sales and distribution network and local market expertise. The joint…

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PZ Wilmar unveils new variants of Mamador and Devon King’s seasoning brands

NIGERIA – PZ Wilmar, a joint venture between PZ Cussons and Wilmar International has unveiled new variants of its seasoning products under existing brands, Mamador and Devon King’s. According to ThisDay, the products were introduced to trade partners and consumers at a trade launch event in Ibadan, Oyo State. The Mamador seasoning debuts in three variants – Classic, Beef, and Chicken, while the Devon King’s seasoning comes in Classic Tomato, Beef, and Chicken variants. The company said Mamador 5g seasoning cubes contain 15% Recommended Dietary Allowance (RDA) of zinc and…

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