Wilmar JV in tie-up with major palm oil refiner in India

Singapore

A JOINT venture of Wilmar International is tying up with India's biggest palm oil refiner Ruchi Soya to create a new company that will cater to increasing domestic food demand in India.

The joint-venture company to be formed between Ruchi Soya and Adani Wilmar - itself a joint venture between Wilmar and Adani Enterprises - will own and manage all procurement, sales and marketing businesses of both parties. Integrating these functions will help both to increase efficiencies and rationalise costs across logistics, supply chain management, manpower and distribution, the firms said on Wednesday.