Wilmar WCap

completed

_x000C_The project is intended to enable Wilmar Trading Pte Limited (the company), a wholly owned subsidiary of Wilmar International Limited (Wilmar International), incorporated in Singapore and listed on the SGX-ST, to enable to meet its working capital needs to purchase crude palm oil (CPO) from palm oil plantations in Indonesia and process them into refined oil for export. As CPO world market prices recover, due to increased demand for CPO from consumers in Asia, the company will face major funding requirements for the 2007 and 2008 seasons as it seeks to take full advantage of favorable market fundamentals. While the company currently has been able to secure trade finance lines with commercial banks, it will require an additional $80 million to fully meet the needs of its operations. IFC's support is essential to enable the company to finance its export program and allow continued sustainable long-term growth in a sector where Indonesia has a strong comparative advantage and will be a good illustration of IFC’s support for good sponsors in a socially sensitive sector.