Fengyi International is looking to Brazil

Unnamed sources pointed out that Brazil is the center of sugar trade, and entering Brazil can affect global trade and prices. Fengyi wants to become a long-term investor in the sugar industry and must enter the Brazilian market.

It is understood that the existing bank has offered advice to Fengyi on the feasible trade in the Brazilian market. After learning that Fengyi International intends to enter Brazil, investors are also interested. Some analysts pointed out that Brazil has a lot of privately owned and heavily indebted sugar producers, and Wilmar can choose from them.

As the world's largest palm oil listed company, palm oil accounted for half of the net profit before tax. However, due to the increase in raw material prices, Indonesia’s plan to temporarily deny new permits to plant palm trees for the two years starting in 2011 has pushed the Group’s profit margins into a squeeze, and Feng Ye decided to make a big push into the sugar industry. .

Fengyi recently bought sugar and renewable energy business company Sucrogen from Australian CSR for 1.7 billion Australian dollars (S$2.1 billion), contributing to the global sugar industry during the year. The biggest deal.

Fengyi also owns a sugar plantation in Indonesia, and DBS Vickers Securities expects that after the plant is fully developed in the next three to four years, raw sugar production can exceed 1.5 million tons, and Sucrogen's current production is 2.1 million tons.

The local bank analyst Andreas believes that Fengyi will choose to enter the Brazilian market as soon as possible, rather than postponing it. The sugar industry is currently the top priority of the group, and Wilmar International is also preparing to devote a lot of capital to this new phase of growth.

In July, Wilmar International announced that it had spent A$1.75 billion to acquire Australia's CSR sugar making business, becoming the first step for Guo Heinian to take the sugar king of Malaysia and to take the lead in the international sugar industry, and Wilmar International is expected to Become a new base for Sugar King to create overseas business. This is the first overseas business development activity that Guo Heinian launched after he withdrew from the Malaysian sugar industry. The market is generally speculating that he is still gearing up to “warm up” for entering the Chinese sugar industry.

About Singapore Wilmar International Group: Wilmar International Group is a diversified global multinational company, one of the world's largest suppliers of food, edible oil and agricultural products, and one of the largest traders with an annual turnover of more than US$10 billion. There are many investments in China. Enterprises and businesses involve industries such as grain and oil, chemicals, energy and real estate. Yihai Kerry Investment Co., Ltd. is one of the top ten companies in the Chinese vegetable oil industry. Yihai Kerry is headquartered in Shanghai and is a foreign-invested company jointly established by Wilmar International and ADM. Fengyi International acquired Guoshi Group’s entire edible oil and related businesses, and its transaction value was US$2.7 billion. Behind the edible oil brands “Arowana”, “Hu Huaji” and “Fulinmen”, all of which have a place in the Chinese market, Singapore Fengyi International Co., Ltd. has appeared.