Wilmar to invest Rp 42 trillion in 25-years until 2016.
The Wilmar Group, an agribusiness giant and the largest in Asia
will invest up to Rp 42 trillion (US$ 4.6 billion) in Indonesia until
2016 starting 1991. The company already invested around Rp 33 trillion
in the period of 1991-2011 and it is to invest Rp 9.2 trillion more in
2012-2016. Wilmar International Limited is the parent company of the
Wilmar Group which is based in Singapore. It is one of listed companies
with the largest capitalization in the Singapore Stock Exchange. In
Indonesia, the Wilmar Group has a number of subsidiaries including PT
Wilmar Nabati Indonesia, PT Musimas Nabati Indonesia, PT Sentana Adi
Daya Pratama, and PT Arya Persada Indonesia. Commissioner of Wilmar
Nabati Indonesia MP Tumanggor said in the period of 1991-2011, Wilmar
already invested around Rp 33 trillion in Indonesia. Executive director
of Wilmar Nabati Indonesia Taufik Tamin, said in the next five years,
Wilmar will invest around US$ 1 billion more in Indonesia. Wilmar has
built two industrial estates for agribusiness in Dumai and Gresik.
Investment by Wilmar Nabati Indonesia in Gresik is estimated to reach
US$ 400 million since 2008. In 2010, the Wilmar group reported US$ 30.3
billion in income mainly from crude palm oil, sugar, fertilizer, wheat
flour and other agro- based industries. The company is building a bio
refinery in its integrated industrial estate in Gresik to process CPO
into jet fuel and various CPO derivatives. There are at least 40
derivatives of CPO that could be developed, but so far only 20
derivatives have been produced by Wilmar.