SINGAPORE: Singapore's Wilmar International, the world's largest listed palm oil firm, said yesterday it was keen to grow its sugar business by setting up operations in Indonesia and Brazil.
Wilmar plans to combine Sucrogen, the world's second largest exporter of raw sugar and Australia's top maker of sugar-based ethanol, with its fledgling sugar operations in Indonesia.
Wilmar, the second-largest listed firm on the Singapore bourse, has a concession to develop 200,000ha of grassland in Indonesia's Papua island for sugar cultivation which it will start later this year. "The priority is to build the Indonesian sugar operations." - Reuters