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* Completed the merger with Kuok Group's palm plantation, edible oils, grains and related businesses in a deal worth US$2.7 billion, as well as a restructuring exercise to acquire the edible oils, oilseeds, grains and related businesses of Wilmar Holdings Pte Ltd (WHPL), including interests held by Archer Daniels Midland Asia Pacific (ADM) and its subsidiaries in these businesses, for US$1.6 billion; |
* Completed the merger with Kuok Group's palm plantation, edible oils, grains and related businesses in a deal worth US$2.7 billion, as well as a restructuring exercise to acquire the edible oils, oilseeds, grains and related businesses of Wilmar Holdings Pte Ltd (WHPL), including interests held by Archer Daniels Midland Asia Pacific (ADM) and its subsidiaries in these businesses, for US$1.6 billion; |
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* Formed a joint venture (JV) with Olam International Ltd and SIFCA Group, one of Africa's largest agro-industrial groups with significant interests across palm oil, cotton seed oil, natural rubber and sugar sectors in Africa. The JV was aimed at developing a regional leadership position in palm oil, natural rubber, sugar and potentially in other agricultural plantation crops in Africa; |
* Formed a joint venture (JV) with Olam International Ltd and SIFCA Group, one of Africa's largest agro-industrial groups with significant interests across palm oil, cotton seed oil, natural rubber and sugar sectors in Africa. The JV was aimed at developing a regional leadership position in palm oil, natural rubber, sugar and potentially in other agricultural plantation crops in Africa; |
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* Entry into the Philippines with the setting-up of two coconut oil mills and refineries in [[President Manuel A. Roxas, Zamboanga del Norte]] and [[Gingoog, Misamis Oriental]].{{citation needed|date=June 2019}} |
* Entry into the Philippines with the setting-up of two coconut oil mills and refineries in [[President Manuel A. Roxas, Zamboanga del Norte]] and [[Gingoog, Misamis Oriental]].{{citation needed|date=June 2019}} |
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==Ethical issues== |
==Ethical issues== |
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In 2004, [[Friends of the Earth Europe|Friends of the Earth Netherlands]] performed a review of Wilmar's palm oil operations in [[Sumatra]] Riau as undertaken by PT Jatim Jaya Perkasa. Wilmar had 20,800 hectares of land there and the operation was financed by the Dutch [[Rabobank]] and the [[International Finance Corporation]]. Satellite photos proved that in 2004 the plantations were on sea shore [[peat]] [[rain forests]], the depth of the peat being four meters, whereas such land is actually protected under Indonesian law. Nevertheless, in 1997 Wilmar received permission to plant there despite it being peat land. According to locals, the plantation endangers the [[Sumatran tiger]] population that inhabits the area, and this became a point of conflict with Wilmar in 2004. Soon after, Wilmar sold PT Jatim Jaya Perkasa and joined the [[World Wide Fund for Nature |
In 2004, [[Friends of the Earth Europe|Friends of the Earth Netherlands]] performed a review of Wilmar's palm oil operations in [[Sumatra]] Riau as undertaken by PT Jatim Jaya Perkasa. Wilmar had 20,800 hectares of land there and the operation was financed by the Dutch [[Rabobank]] and the [[International Finance Corporation]]. Satellite photos proved that in 2004 the plantations were on sea shore [[peat]] [[rain forests]], the depth of the peat being four meters, whereas such land is actually protected under Indonesian law. Nevertheless, in 1997 Wilmar received permission to plant there despite it being peat land. According to locals, the plantation endangers the [[Sumatran tiger]] population that inhabits the area, and this became a point of conflict with Wilmar in 2004. Soon after, Wilmar sold PT Jatim Jaya Perkasa and joined the WWF Palm Oil Association (WWF for [[World Wide Fund for Nature]]). |
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According to Friends of the Earth Netherlands, Wilmar International starts [[forest fire]]s and violates the rights of local populations.<ref name="foeeurope">{{cite web|url=http://www.foeeurope.org/press/2007/July3_PDC_Wilmar_PalmOil.htm |title=World's biggest palm oil trader shamed | Friends of the Earth Europe | Company involved in forest fires, deforestation and illegal activities |publisher=foeeurope.org|access-date=30 May 2016|archivedate=April 30, 2022|archiveurl=https://web.archive.org/web/20220430122358/https://friendsoftheearth.eu/press-release/worlds-biggest-palm-oil-trader-shamed/}}</ref> In July 2007 [[Friends of the Earth]] and two local environmental organizations criticized Wilmar's [[illegal logging|illegal forest felling]] in [[Kalimantan]], in Indonesia.<ref name="bbc2007"/> As a result of this campaign against Wilmar's projects in [[Sambas Regency|Sambas]], [[West Kalimantan]], the company agreed to implement a number of new measures and policies.<ref>{{cite web|title=Communities force Wilmar to address bad practices|url=http://www.downtoearth-indonesia.org/story/communities-force-wilmar-address-bad-practices|website=Down To Earth|access-date=31 December 2014}}</ref> |
According to Friends of the Earth Netherlands, Wilmar International starts [[forest fire]]s and violates the rights of local populations.<ref name="foeeurope">{{cite web|url=http://www.foeeurope.org/press/2007/July3_PDC_Wilmar_PalmOil.htm |title=World's biggest palm oil trader shamed | Friends of the Earth Europe | Company involved in forest fires, deforestation and illegal activities |publisher=foeeurope.org|access-date=30 May 2016|archivedate=April 30, 2022|archiveurl=https://web.archive.org/web/20220430122358/https://friendsoftheearth.eu/press-release/worlds-biggest-palm-oil-trader-shamed/}}</ref> In July 2007 [[Friends of the Earth]] and two local environmental organizations criticized Wilmar's [[illegal logging|illegal forest felling]] in [[Kalimantan]], in Indonesia.<ref name="bbc2007"/> As a result of this campaign against Wilmar's projects in [[Sambas Regency|Sambas]], [[West Kalimantan]], the company agreed to implement a number of new measures and policies.<ref>{{cite web|title=Communities force Wilmar to address bad practices|url=http://www.downtoearth-indonesia.org/story/communities-force-wilmar-address-bad-practices|website=Down To Earth|access-date=31 December 2014}}</ref> |
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