The two companies will work together to improve the management and utilization of their shipping fleets with each initially contributing two vessels. Wilmar and ADM also received regulatory approvals for partnerships in global fertilizer markets and European vegetable oil.
“Given our long association with ADM in Asia, we are confident of the efficiencies that these new global partnerships will bring to our businesses,” said Kuok Khoon Hong, Wilmar’s chairman and ceo.
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