Leading Asian agribusiness Wilmar International has signed an agreement with the government of Papua New Guinea to expand its agribusiness operations in the country, according to a report in the Post-Courier newspaper, World Grain wrote.
Expansion possibilities included a new eco-friendly feed mill and a sustainable flour mill in Port Moresby along with investments in palm oil, the rice industry and chicken production, the 5 December report said.
According to the report, the partnership’s goal is to reduce the environmental impact of its agricultural activities.
Wilmar International officials were quoted as saying the country had agriculture potential due to its abundant rainfall.
Meanwhile Papua New Guinea officials had offered to support Wilmar’s plans, including the provision of state equity.
Singapore-based agribusiness Wilmar’s activities cover origination to processing, branding, merchandising and distribution of a wide range of food and industrial products.
The group’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, production of consumer products, ready-to-eat meals, kitchen products, speciality fats, oleochemicals, biodiesel and fertilisers.
The company has more than 1,000 manufacturing plants and its distribution network covers China, India, Indonesia and around 50 other countries and regions.