Agribusiness
China Dairy Group names Li Jia as General Manager of Xi’An Yinqiao
The group gave weight to Li’s competence to manage the operations of Xi’An Yinqiao as its previous assistant manager.
China Dairy Group names Li Jia as General Manager of Xi’An Yinqiao
The group gave weight to Li’s competence to manage the operations of Xi’An Yinqiao as its previous assistant manager.
Olam set for expansion in the next two years
UOB Kay Hian estimates that the group has sufficient debt capacity for funding of up to S$1.5b acquisitions and new investments.
Global Palm's slower expansion hampers future growth
The company’s new plantings of 445 ha in 1H11 only make up 27% of its target, hinting that it may not be able to reach its target at all.
Nestle to resume crude palm oil purchases from Golden Agri-Resources’ subsidiary
The food giant says further business will depend on PT SMART's ability to meet the responsible sourcing guidelines and RSPO certification.
Olam acquires sugar milling facility in India for US$73.8m
The company plans to invest a further US$6.6m to expand the facility's capacity from 3,500‐tonnes/day to 5,000 tonnes/day.
Positive surprises ahead for Golden Agri-Resources
The company is expected to post positive earnings in 3Q11, buoyed by still resilient crude palm oil prices.
Wilmar apparently not giving up on PCSMA
Wilmar subsidiary Sucrogen gets a second chance with PCSMA members voting once more in October on the purchase offer.
Moving on? Wilmar acquires sugar company in Shanghai
After failing to get the necessary support to purchase Proserpine Co-operative Sugar Milling Association, Wilmar acquired Yihai Kerry (Shanghai) Sugar...
Wilmar puts up Italian subsidiary
Wilmar Italia has an initial issued and paid-up capital of EUR10,000.
Olam acquires Hemarus Industries for almost $74m
The company also plans to invest an additional $6.6 million to expand sugar milling capacity.
Wilmar subsidiary fails to get support for acquisition
Sucrogen needed at least 75% positive votes to be given the green light but got only 70%.
Food segments drive Olam’s resilient earnings
Net contribution per ton rose 12.4% to S$145 in FY11.
Olam International full year profit up 23.6% to S$445mn
Successful execution of the company’s corporate strategy through selective and targeted integration upstream into plantations and midstream into...
Olam may have 29% YoY profit growth in FY 2011
This is on the back of 16% YoY volume growth led by strength in edible nuts and confectionery ingredients.
Wilmar’s net profit up 14.1% to US$393.1m in 2Q11
Its revenue also surged 56.2% to US$10.5b.
Golden Agri-Resources’ net profit drops 22% to US$179.9m in 2Q11
While its revenue surges 9.4% to US$1.6b.
Wilmar’s 5% price increase to pose ‘insignificant’ impact
Wilmar’s increased cooking oil prices may no longer restore its margin back to US$40/MT, says DBS.
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