Wilmar International Limited Keen on Agriculture Investment in PNG

By: PNG Business News September 11, 2023

One of the world’s biggest and most profitable agriculture company Wilmar International Limited is keen to partner the Government of Papua New Guinea to invest in more large-scale agriculture investments in the country.

Wilmar International Limited was founded in 1991 and is Asia’s leading agribusiness group today with over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and 50 other countries. It is supported by a multinational workforce of about 100,000 people and had a full year net profit of US$ 2.4 billion. Wilmar International Limited ranked 192nd on the 2022 Fortune Global 500, and 362nd on the 2022 Forbes Global 2000: The World’s Biggest Public Companies.

Wilmer International Limited already own and operate Goodman Fielder who have operations in Lae and Port Moresby. They own and operate flour and feed mills in Lae and Moresby, sell repacked rice imported from China, and they also process and sell cooking oil.

Wilmar International Limited is interested in partnering the Government of Papua New Guinea as an equity partner to invest in rice, chicken, oil palm, sugar and feed production and processing in PNG.

Wilmar International Limited Group CEO, Mr. Kuok Khoon Hong met with Minister for International Trade and Investment, Hon. Richard Maru today in their Singapore World Head Office and agreed for the Wilmar Group and the PNG Government to enter an MOU to become long-term strategic investment partners to invest in large scale agriculture projects that will grow and transform the economy of Papua New Guinea.

“Our main objectives are to create more jobs, increase exports, reduce the cost of food in Papua New Guinea, and drive the downstream processing agenda of the Government,” said Minister Maru.

A very thankful Minister Maru said: “The meeting and understanding reached between our Government and Wilmar International is a very significant breakthrough for our Government. I have extended an invitation for the Group Chairman and CEO to visit PNG to meet Prime Minister, Hon. James Marape and visit various land that we are proposing for our new Joint Venture chicken project and a new flour mill in Port Moresby. We will have the MOU signed during the trip planned for the end of October.”

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