Wilmar subsidiary to buy edible oil facilities in Malaysia

The facilities include a palm oil refinery and storage facility.

Wilmar Kuantan Edible Oils Sdn. Bhd., a wholly owned subsidiary of agribusiness company Wilmar International Limited, plans to purchase Cargill Pam Plantation’s edible oil facilities in Kuantan, Malaysia.

According to a press release, the edible oil facilities to be purchased include a palm oil refinery and a neighboring storage facility.

The transfer of ownership is expected to occur by end of 2018.

“The acquisition of the Kuantan edible oil facilities marks our first presence in the east coast of Peninsular Malaysia. The facilities are a good fit with our refining business and will strengthen our sales and distribution network in Malaysia,” said Wilmar country head of Malaysia Yee Chek Toong.