Saturday, January 06, 2007

Wilmar & Synergy: Amalgamation of plantation business in Indonesia

Two palm oil giants have been emerged with Wilmar's acquisition of PPB Oil and the merger of Guthrie, Sime Darby & Golden Hope into Synergy. Both have strong operations in Indonesia and Malaysia, but it's Singapore who get most of the gains. What?

The merged entity under Synergy will manage about 600,000 hectares of plantations, second to unlisted Malaysian state plantation firm Felda with 800,000 hectares. It will have a combined market capitalisation of US$7.23 billion, employ about 93,000 people, and will be the country's fifth-largest company on the stock exchange.
Meanwhile Wilmar-PPB Oils will manage around 570,000 hectares of plantations in Malaysia & Indonesia with combined market value around USD4.3 billion. While Synergy has strong position in plantations, Wilmar-PPB has more downstream capability.
This year, for example, Wilmar will operate giant biodiesel plant in Dumai, Riau province with combined capacity of 1.05 million tones/year in three stages (each with 350,000 tones).



Anonymous Anonymous said...

Hi Yosef. Who is behind Wilmar? Heard a very wealth Indonesian business person.

January 08, 2007 3:57 PM  
Anonymous Anonymous said...

I heard his a very wealthy man from North Sumatera.

January 10, 2007 3:49 PM  
Anonymous Anonymous said...

maruli sitompul I think

November 28, 2007 8:43 PM  

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