Agribusiness

Qian Hu third quarter profit up 27.7% to $1.2mln

Qian Hu third quarter profit up 27.7% to $1.2mln

Directors see marginal sales improvements and stronger second half with group revenue up 1.0% to $23mln.

Wilmar barely affected by Indonesian moratorium

The company believes Indonesia has enough non-forest degraded lands to accommodate growth of plantation businesses.

Olam profit up 49.3% to S$272.1mln

Acquisitions fared well with acquired businesses contributing 29.2% and 34.0% of Net Contribution and EBITDA respectively.

Wilmar International completes acquisition of Natoleo

Following its acquisition of 91.38% of Natoleo, the agri-business group buys remaining shares for Malaysian Ringgit 42,452,830.

Olam International shares in NZFSU increase to 37.02%

Agriculture company was granted consent to take over shares in New Zealand Farming Systems Uruguay.

Wilmar to acquire Indonesian and Singaporean sugar refineries

Deals on 2 acquisitions to be expected to be completed on last quarter of 2010.

Wilmar buys Windsor & Brook Trading

The agribusiness company continues to delve into the sugar business.

Olam subsidiary to build cotton ginning plant in Mozambique

US$6mln factory to increase Olam Mozambique production to 60.000 tonnes and workforce to 75,000.

Olam International inks joint ecozone project with Gabon

The manager and producer of agri products is investing US$12 million equity in the SEZ development project for a 60% stake.

Golden Agri-Resources plans expansion in Liberia

The palm oil plantation continues to explore investment opportunities worldwide to expand its businesses, both upstream and downstream.

Olam International to invest US$43.5 mln in Ivory Coast

The global agri and food products supplier eyes a Greenfield cocoa processing, and a primary processing and warehouse facility in the world’s largest...

Olam International to extend projects in Africa

The agricultural products supplier plans to develop a special economic zone in the Government of Gabon.

Wilmar to buy 20% of shares in Kencana Holdings

Agribusiness group to invest in additional plantation assets with the proposed purchase worth SGD80,363,130.40.

Noble Group retains top position in agriculture and energy supply

The global supplier reported a revenue of US$24.3 million and ups gross profit by 32% in the first half of 2010.

Australian regulator expands review of Wilmar's Sucrogen bid

Review for S$2.15bln Sucrogen sale has been extended until after Australian national elections.

Wilmar buys Natural Oleochemicals for $140mln

The agribusiness company said the steady growth of the oleochemical industry is due to sustained economic development and increased global demand for...

Qian Hu 2Q profit down 4.1% to $0.95mln

Negative global events pulled down revenue for the second quarter by 4.1% to $22.7 million.