Pins matching tag:Sugar

After bargaining that began in March 2023 and strikes that delayed the cane crush, 55% of voting Wilmar Sugar and Renewables employees accepted a three-year deal with a A$2,500 bonus and 16% in pay rises.

Core net profit fell 26% to US$1.16 billion, with weaker sugar merchandising and no repeat of the 2023 Cosumar sale gain; the total dividend was cut to S$0.16.

The Jakarta anti-corruption court jailed the general manager of Wilmar's PT Duta Sugar International for four years over 2016 raw-sugar imports, and his company's Rp 41.2 billion deposit was forfeited as restitution.

Wilmar's Indian sugar arm makes Kamboj chief executive from 23 March and managing director from 1 April 2026, as executive chairman Atul Chaturvedi, a former Adani Wilmar CEO, becomes a non-executive director.

Two Wilmar companies sign supply, brand-licence and staff-transfer agreements: from 1 July 2026 AWL sells Madhur sugar across India while Shree Renuka keeps making it and owns the brand, for a 1% royalty.