Wilmar: Co plans to enter Indonesia’s consumer flour market possibly within the year. Co recently acquired a 20% stake in FFM Berhad (announced on 28 Feb) which has a daily capacity of 1k tons and plans to double its capacity in Indonesia and Msia over the nxt 2 yrs...
Co might then use its own distribution network to sell the flour produced by FFM. Currently, Indonesia’s flour mkt is dominated by a unit of Indofood Sukses Makmur which has total milling capacity of 15k tonnes.
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