Wilmar International, a leader in Asian agribusiness, has signed an agreement with the government of Papua New Guinea to expand its agricultural operations in the country, as reported by the Post-Courier newspaper, cited by World Grain.
Expansion opportunities include the establishment of a new sustainable feed mill and flour production facility in Port Moresby. In addition, they include investments in the palm oil, rice and chicken production sectors, as highlighted in the December 5th article.
The purpose of this partnership, according to the report, is to mitigate the environmental impact resulting from agricultural activities.
Representatives from Wilmar International stated that the country has promising agricultural potential, driven by abundant rainfall.
At the same time, Papua New Guinea authorities expressed their willingness to support Wilmar's plans, including providing state financial support.
Wilmar International, headquartered in Singapore, is an agribusiness company with operations that range from origination to processing, marking, marketing and distribution of a wide variety of food and industrial products.
The group carries out various operations, including palm oil cultivation and oilseed crushing. In addition, they are involved in the refining of edible oils, milling of flour and rice, and the production of sugar, consumer goods, ready meals, culinary products, specialty fats, oleochemicals, biodiesel and fertilizers.
With more than 1,000 factories, the company has a wide distribution network. This network covers China, India and Indonesia, as well as approximately 50 other countries and regions.
Source: Oils & Fats International
