Wilmar International
Native name | 豐益國際 |
|---|---|
| Company type | Public |
| SGX: F34
OTC Pink: WLMIY | |
| Industry | Food processing |
| Founded | April 1, 1991 in Singapore |
| Founders | William Kuok Khoon Hong Martua Sitorus |
Key people | Kuok Khoon Hong (Chairman and CEO) |
| Products | Palm oil, protein meal, consumer pack edible oils, sugar, specialty fats, oleochemicals and biodiesel |
| Revenue | US$73.40 billion (2022) |
| US$2.42 billion (2022) | |
| Total assets | US$60.4 billion (2022) |
| Total equity | US$19.9 billion (2022) |
Number of employees | about 100,000 (2020) |
| Subsidiaries | Unity Foods Yihai Kerry |
| Website | www |
| Footnotes / references Data from 2022 Annual Report | |
Wilmar International Limited (simplified Chinese: 丰益国际; traditional Chinese: 豐益國際; Pe̍h-ōe-jī: Hong-ek Kok-chè) is a Singaporean food processing and investment holding company with more than 300 subsidiary companies.: 18 Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (SGX), being the second largest as of September 2010. It was ranked 211th in the Fortune Global 500 list in 2020. It was ranked 3rd in the World's Most Admired Company (Food Production) by Fortune in 2019.
Wilmar International business activities include oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals, and biodiesel manufacturing, grains processing and merchandising, and sugar milling and refining. In 2021, Wilmar placed 2nd on FoodTalks' Global Top 30 Specialty Oil Companies list. It has over 500 manufacturing plants and an extensive distribution network covering China, Indonesia, India and some 50 other countries. The group employs a multinational workforce of more than 100,000 people.: 28
Wilmar's merchandising and processing segment encompasses merchandising of palm oil and laurics-related products, operations of palm oil processing and refinery plants and crushing, further processing and refining of a range of edible oils, oilseeds, grains and soybean. Its consumer products include edible oils, rice, flour and noodles in China, Indonesia, Vietnam and India. Its plantation and palm oil mills segment engages in oil palm cultivation and milling.
Wilmar has come under criticism for its exploitation of child labour and slave labour, as well as unsafe working conditions on its plantations amidst other worker mistreatment incidents. The company has also been exposed for its environmentally degrading practices, and forced displacement of poor populations, amongst other unethical behaviours.