Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Wilmar International Limited    WLIL   SG1T56930848

News SummaryMost relevantAll newsSector newsTweets 

AMD Cements Expansion Of Partnership With Asia-Based Wilmar

share with twitter share with LinkedIn share with facebook
share via e-mail
03/28/2012 | 10:06am CET

Archer Daniels Midland Co. (ADM) said Wednesday it has signed a series of definitive agreements with Singapore-based Wilmar International Ltd. (WLMIY) to cement the expansion of the companies' partnership.

ADM Chief Operating Officer Juan Luciano said the company signed three separate definitive agreements in March which allow it to move forward with recently agreed ventures, and both companies are now preparing for their implementation.

However, the developments are still subject to merger clearance, according to a slide shown at the investor presentation in Hamburg, Germany.

Last month ADM, which owns a 16% stake in Wilmar, said the companies would extend their partnership to fertilizer, ocean freight and tropical oil refining in Europe. The two companies, which trade and process grains and oilseeds, signed a memorandum of understanding and said they would look to finalize the definitive agreements over the next few months.

ADM's partnership with Wilmar has given it access to the market in China, where the two companies built a network of soybean-crushing plants. ADM, based in Decatur, Ill., said the companies' relationship started in the mid-1990s.

The companies will now collaborate globally on fertilizer purchasing and distribution, and they will work to improve ocean freight fleet management, with both companies contributing two ships to the effort.

In tropical oils, the companies will work together to better use plant capacity in Europe, ADM said.

-By Michael Haddon, Dow Jones Newswires; 4420-7842-9289; michael.haddon@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
02/24 WILMAR INTERNATIONAL : Notice of Transfer of Treasury Shares
02/24 KARIM SALAMON : «En termes de coûts de production, le Maroc est très compétitif»
02/20 WILMAR INTERNATIONAL : Mandatory Cash Dividend/Distribution
02/20 WILMAR INTERNATIONAL : 4th Quarter 2016 Results
02/20DJWILMAR INTERNATIONAL : 4th-Quarter Net Profit $560.8 Million, Up 70% on Year
01/26 WILMAR INTERNATIONAL : Notification of Changes to Wilmar Subsidiaries and Associ..
01/26 WILMAR INTERNATIONAL : Fourth Quarter 2016 Update Report on its No Deforestation..
01/17 WILMAR INTERNATIONAL : Notice of Change in the Percentage Level of Substantial S..
01/17 WILMAR INTERNATIONAL : Notice of Transfer of Treasury Shares
01/17 WILMAR INTERNATIONAL : Notification of Results Release
More news
Sector news : Food Processing - NEC
02/25 Buffett upbeat on American business; Berkshire operating profit down
02/24DJBRF : Brazil's BRF Reports Fourth-Quarter Net Loss of BRL460 Million
02/23 Buffett expected to tout passive investing in Berkshire annual letter
02/23 ARCHER DANIELS MIDLAND : Overheu to step down as CEO of Dutch grain trader Nider..
02/23DJUnilever Launches Review After Rejecting Kraft Heinz Offer--3rd Update
More sector news : Food Processing - NEC
News from SeekingAlpha
02/21 Wilmar International Ltd. reports Q4 results
2016 THE CHAIN : New U.S. Administration May Lead To Investor Uncertainty Regarding U..
2016 THE CHAIN : Wilmar And PZ Cussons Expanding JV In Nigeria; Eagle High Gets $116 ..
2016 Bunge sells half its stake in Vietnam operations
2016 Asian Stocks For Diversification And Profits
Financials ($)
Sales 2017 44 468 M
EBIT 2017 1 725 M
Net income 2017 1 230 M
Debt 2017 12 672 M
Yield 2017 2,59%
P/E ratio 2017 13,69
P/E ratio 2018 12,59
EV / Sales 2017 0,66x
EV / Sales 2018 0,62x
Capitalization 16 851 M
More Financials
Duration : Period :
Wilmar International Limit Technical Analysis Chart | WLIL | SG1T56930848 | 4-Traders
Full-screen chart
Technical analysis trends WILMAR INTERNATIO...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 17
Average target price 2,60 $
Spread / Average Target -1,3%
Consensus details
EPS Revisions
More Estimates Revisions
Khoon Hong Kuok Chairman & Chief Executive Officer
Seck Guan Pua Chief Operating Officer & Executive Director
Kiam Kong Ho Chief Financial Officer
Matthew John Morgenroth Group Head-Technical
Martua Sitorus Executive Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NESTLE SA1.98%229 607
KRAFT HEINZ CO6.44%113 304
DANONE4.07%43 356
GENERAL MILLS, INC.-1.60%35 595
More Results