Wilmar drives growth through Chelsea maker NZ Sugar Co, with dividends, raw material sales

Fri, 01 Jun 2018

By Jonathan Underhill June 1 (BusinessDesk) - Wilmar International is extracting a return from its investment in New Zealand's sugar industry, selling more raw materials to its local unit and taking $11 million in dividends last year. NZ Sugar, which is 75 percent owned by Wilmar and 25 percent by Queensland-based MacKay Sugar, paid $15 million of dividends last year, up from a year-earlier $9 million, its accounts on the Companies Office show. But the New Zealand business, which uses the Chelsea sugar brand and operates from the historic...

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