Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseeds crushing, edible oils refining, sugar milling and refining, specialty fats, oleochemicals, biodiesel and fertilisers manufacturing and grains processing. At the core of Wilmar’s strategy is a resilient integrated agribusiness model that encompasses the entire value chain of the agricultural commodity processing business, from origination and processing to branding, merchandising and distribution of a wide range of agricultural products. The Group is backed by a multinational workforce of about 90,000 people.
Wilmar engages in oil palm cultivation and milling, and is one of the largest oil palm plantation owners in Indonesia and Malaysia. Our oil palm plantations are strategically located in the various regions of Malaysia and Indonesia where the climatic conditions are suitable for planting oil palms. In Indonesia, our plantations are located in Sumatra, West Kalimantan and Central Kalimantan (southern region) while in Malaysia, they are located in the states of Sabah and Sarawak. In addition, the Group also owns oil palm plantations in Ghana and through joint ventures, owns plantations in Uganda and West Africa. As at 31 December 2011, Wilmar had approximately 247,081 hectares (ha) of planted area of which about 74% is located in Indonesia, 24% in East Malaysia and 2% in Africa.
In addition to holding land rights to plantation land, we manage approximately 38,021 ha of oil palm plantation under the Plasma Scheme in Indonesia as at 31 December 2011. The Plasma Programme is an initiative designed for the development of oil palm plantations for smallholders by a developer of plantations. We are committed to purchasing all the fruits produced by the small landholders’ plantations.
Wilmar intends to grow its plantation business through greenfield projects and acquisitions to tap on the growing demand for palm oil. Apart from plantations, Wilmar also owns palm oil mills to process fruits from our own and surrounding plantations. The key products of oil palm cultivation and milling are crude palm oil and palm kernel which are sold to palm oil refiners or further processed by our Merchandising & Processing – Palm & Laurics operation.