Wilmar International information

Wilmar International Limited
Native name	豐益國際
Company type	Public
Traded as	SGX: F34 ; OTC Pink: WLMIY
Industry	Food processing
Founded	April 1, 1991; 33 years ago 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)
Net income	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
Website	www.wilmar-international.com
	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)^[2]^[3] is a Singaporean food processing and investment holding company with more than 300 subsidiary companies.^[4]^: 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.^[5] It was ranked 211th in the Fortune Global 500 list in 2020.^[6] It was ranked 3rd in the World's Most Admired Company (Food Production) by Fortune in 2019.^[7]

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.^[8] 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.^[4]^: 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.^[9] The company has also been exposed for its environmentally degrading practices, and forced displacement of poor populations, amongst other unethical behaviours.^[10]^[11]^[12]

^ "Annual Report 2022" (PDF). Wilmar International. Retrieved 30 April 2023.
^ "WILMAR INTERNATIONAL LTD (WIL:Singapore Exchange): Company Description - Businessweek". investing.businessweek.com. Archived from the original on 6 October 2012. Retrieved 30 May 2016.;
^ "Wilmar International Limited,「丰益国际」". The Kuok Group. Retrieved 13 September 2020.
^ ^a ^b "Annual Report 2020" (PDF). Wilmar International. Retrieved 16 October 2021.
^ "Wilmar's Harvest". Forbes.com. 9 August 2010.
^ "Fortune Global 500". Retrieved 16 October 2021.
^ "Fortune World's Most Admired Companies". Retrieved 30 May 2019.
^ Fu, Rice (26 May 2021). "2021年全球特种油脂企业30强". FoodTalks (in Chinese). Retrieved 24 January 2022.
^ Cite error: The named reference amnesty1 was invoked but never defined (see the help page).
^ Cite error: The named reference wilmaruganda was invoked but never defined (see the help page).
^ Cite error: The named reference foeeurope was invoked but never defined (see the help page).
^ Cite error: The named reference wwfwilmar was invoked but never defined (see the help page).

[AR2022-1] "Annual Report 2022" (PDF). Wilmar International. Retrieved 30 April 2023.

[businessweek-2] "WILMAR INTERNATIONAL LTD (WIL:Singapore Exchange): Company Description - Businessweek". investing.businessweek.com. Archived from the original on 6 October 2012. Retrieved 30 May 2016.;

[3] "Wilmar International Limited,「丰益国际」". The Kuok Group. Retrieved 13 September 2020.

[AR2020-4] "Annual Report 2020" (PDF). Wilmar International. Retrieved 16 October 2021.

[5] "Wilmar's Harvest". Forbes.com. 9 August 2010.

[6] "Fortune Global 500". Retrieved 16 October 2021.

[7] "Fortune World's Most Admired Companies". Retrieved 30 May 2019.

[8] Fu, Rice (26 May 2021). "2021年全球特种油脂企业30强". FoodTalks (in Chinese). Retrieved 24 January 2022.

[amnesty1-9] Cite error: The named reference amnesty1 was invoked but never defined (see the help page).

[wilmaruganda-10] Cite error: The named reference wilmaruganda was invoked but never defined (see the help page).

[foeeurope-11] Cite error: The named reference foeeurope was invoked but never defined (see the help page).

[wwfwilmar-12] Cite error: The named reference wwfwilmar was invoked but never defined (see the help page).

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