Aalst Chocolate is the first Singaporean brand that can produce both chocolate covertures and compounds. Aalst Chocolate takes pride in listening to its customers, so don't hesitate to contact us on the right if you have any questions. WILMAR International is buying the iconic former Coca-Cola bottling plant in Tuas for S$29.5 million. The address of the Company's registered office is 28 BIOPOLIS ROAD, SINGAPORE (138568). Acquiring Organization: Wilmar International Wilmar International Limited is today Asia's leading agribusiness group. Amid the COVID-19 crisis, the global market for Industrial Chocolate estimated at US$49.6 Billion in the year 2020, is projected to reach a revised size of US$66.7 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027. Aalst Chocolate | 2,400 followers on LinkedIn. Ivy NG Lee Fang, CFA. Aalst Chocolate. Aalst Wilmar is dedicated to excellence in our quest to produce the best chocolate products in the industry, having invested in state of the art production facilities in both Singapore and Shanghai, China. The company was incorporated on 12 Jun 2008, which is 13.8 years ago. • Acquired a 50% equity interest in Aalst Chocolate Pte Ltd, a home-grown chocolate manufacturer in Singapore. Edit Overview Section. The other 50% stake in Aalst Chocolate remains owned by Richard Lee, CEO and founder of Aalst Chocolate and Connie Kwan, co-founder and MD. Established in 2003, Aalst Chocolate has the distinction of being the first Singaporean-owned chocolate manufacturer. Wilmar also directly manages 34,772 ha under smallholder schemes in Indonesia and Africa, and another 149,000 ha under . UOB Kay Hian. The JV will also enable both companies to further the existing supplier-customer relationship, says DBS in a Monday report. Wilmar is a firm advocate of sustainable growth and is committed to its role as a responsible corporate citizen. The Company current operating status is live and has been operating for 5 years. The address of the Company's registered office is 28 BIOPOLIS ROAD, SINGAPORE (138568). Attachments: 31 Aug 2017 17:31. Wilmar said the acquisition would be a "strategic complement" to its own specialty fats and sugar businesses, as the two commodities are essential raw materials for chocolate. 13. Chocolate consumption volume in the region is continuously rising, with moulded chocolate registered the largest volume sale. The company was incorporated on 18 Jun 2010, which is 11.9 years ago. Company Profiles 7.1 Cargill 7.2 Puratos 7.3 Clasen Quality Chocolate 7.4 Santa Barbara Chocolate 7.5 Wilmar International 7.6 The Barry Callebaut Group 7.7 Aalst Chocolate 7.8 Sephra 7.9 Chocoley 7.10 Unigra 7.11 Palsgaard 7.12 AAK 7.13 Flanders Filings and Compounds (backed by Fuji Oil Europe) 7.14 Aalst Chocolate 7.15 KCG Corporation8. 14.4.1 Aalst Chocolate Company Profile and Recent Development. Prima Digital Solusindo acquired by Meeber . Save . At the start of each interest period, Wilmar will also have the option to enter into a SORA interest-rate swap. The Company current operating status is live and has been operating for 1052289446. Ltd. ("Aalst Chocolate") through a combination of a subscription of 11,200,000 new ordinary shares of Aalst Chocolate at an aggregate subscription consideration of US . In 2017, Wilmar International partnered with Aalst Chocolate Pte Ltd, which is a chocolate manufacturer based in Singapore to produce chocolate and compounds. Global Oils, Limitada (Mozambique Subsidiary) Irving Investments Ltd ("Irving"), an indirect 57.03% subsidiary of Wilmar, has acquired 99% of the equity interest in Global Oils, Limitada ("GOL") from Maputo Liquids Storage Company ("MLSC"), an . Related Reports South America Compound Chocolate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) AALST WILMAR PTE. In 2017, Wilmar had purchased the stake for an undisclosed sum through its subsidiary KOG Investments. Announced Date Aug 31, 2017; Aalst is 50 per cent owned by Singapore-listed Wilmar International. El informe titulado Mercado global de chocolate compuesto generalmente cubre datos decisivos del mercado de chocolate compuesto, incluida la tasa de crecimiento, el tamaño del mercado, los impulsores, las restricciones y el pronóstico de ingresos desde el año 2022 hasta el 2031.Marca los eventos considerables del El mercado de . Employee Rating 3.1 Aalst Chocolate was founded in 2003 and is headquartered in Singapore, SG The Africa compound chocolate market is segmented by type that includes dark chocolate, milk chocolate, and white chocolate. Rising per capita income and westernization tend is the key driver for the market. The address of the Business's registered office is WILMAR INTERNATIONAL, 28 BIOPOLIS ROAD, Postal 138568. LTD. is a Singapore PRIVATE COMPANY LIMITED BY SHARES. Prima Digital Solusindo . The other acquisition was for a 50% stake in Three-A Qinhuandao Food Industries but no material impact on the group's financial position is expected. Aalst Chocolate Pte. Wilmar International (WIL SP) - Takes 50% Stake In Aalst Chocolate Wilmar acquires 50% equity stake in Aalst Chocolate, a Singapore-based manufacturer of premium chocolate. With this acquisition, Wilmar is able to expand their offerings to bakery products and confectionery . The Business current operating status is Live Company. With this acquisition, Wilmar is able to expand their offerings to bakery products and confectionery . Clasen Quality Chocolate Santa Barbara Chocolate Blommer Chocolate Company The Barry Callebaut Group Aalst Chocolate Sephra Chocoley Unigra Palsgaard AAK Wilmar International Aalst Chocolate KCG Corporation Flanders Filings & Compounds (backed by Fuji Oil Europe) TELL US WHAT YOU THINK: Let us know what you think. Aalst Chocolate acquired by Wilmar International . Aalst is 50 per cent owned by Singapore-listed Wilmar International. Announcement - Notification of changes to subsidiaries (continued) 6. The Indian industrial chocolate market is forecasted to grow at a CAGR of 12.89% during the forecast period of (2019-2024). 14.5.2 Market Performance. According to DBS Equity Research, the remaining 50% stake will be held by Aalst Chocolate's CEO and founder Richard Lee, co-founder and managing director Connie Kwan. In 2017, Aalst Chocolate has embarked upon a joint venture with the leading Asian agribusiness company, Wilmar International, under the holding company of Aalst Wilmar Pte Ltd. Aalst Chocolate is dedicated to excellence in our . In 2017, Wilmar had purchased the stake for an undisclosed sum through its subsidiary KOG Investments. CIMB Securities. This .sg top-level domain name, aalst-chocolate.com.sg is currently registered with CSC CORPORATE DOMAINS INC. 14.5.1 Barry Callebaut Company Profile and Recent Development. Asia Pacific: Wilmar buys 50% of Aalst Chocolate - Food News International The other 50% stake in Aalst Chocolate remains owned by Richard Lee , CEO and founder of Aalst Chocolate and Connie Kwan, co-founder and MD. RAFFLES SHIPPING INTERNATIONAL PTE. 2015-08-06. The property, on a sprawling site of about 489,000 sq ft at 457 Jalan Ahmad Ibrahim, is being sold by Coca-Cola Singapore Beverages. Quorn Foods . LTD. is a Singapore PRIVATE COMPANY LIMITED BY SHARES. Aalst Chocolate is the first Singapore brand that can produce both couverture, chocolate and compounds. Meeber . WILMAR INTERNATIONAL LIMITED (the "Company") is a Public Company Limited by Shares, incorporated on 14 August 1999 (Saturday) in Singapore. The Company current operating status is live and has been operating for 934563600. 24 Aug 2021 18:34. Sep 5, 2017. read more. May 12, 2017. Enterprise Singapore (previously known as SPRING Singapore and IE Singapore) since 2009. Wilmar International Limited's wholly-owned subsidiary KOG Investments Pte Ltd, acquired a 50% equity interest in Aalst Chocolate Pte Ltd, a home-grown chocolate manufacturer in Singapore. aalst-chocolate.com.sg. 14.5.3 Product and Service Introduction. Maintain HOLD. Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico) . Media Contacts Aalst Chocolate Pte Ltd Dean Ng dean.ng@aalstchocolate.com + (65) 6550 5723 Wilmar International Limited Lim Li Chuen Investor Relations and Corporate Communications lim.lichuen@wilmar.com.sg + (65) 6507-0592 Acquired Organization: Aalst Chocolate Aalst is a chocolate manufacturer. Opportunities for Chocolate Flavoring Compounds Market Participants Acquisition done via purchase of shares from existing shareholders and subscription of new shares. -. Wilmar International has acquired 4 organizations. The address of the Business's registered office is WILMAR INTERNATIONAL, 28 BIOPOLIS ROAD, Postal 138568. Overview. Wilmar International . Acquired a 50% equity interest in Aalst Chocolate Pte Ltd, a home-grown chocolate manufacturer in Singapore. Wilmar recently announced two acquisitions including a 50% stake in local chocolate and compounds manufacturer, Aalst Chocolate Pte Ltd. Wilmar's specialty fats division offers a range of products from chocolate fats to culinary fats. Food & Beverage Manufacturing & Industrial Aalst Chocolate is a company that produces chocolate covertures and compounds. "Wilmar is a leading manufacturer of specialty fats used in the manufacture of chocolates and compounds, and Aalst Chocolate, with its long experience and expertise in chocolate and compound-making, is our ideal partner to expand our offering and services to bakery products and confectionery manufacturers." Kuok Khoon Hong, CEO of Wilmar Aalst Chocolate . Higher oilseeds and grains profit. SINGAPORE (Sept 4): The joint venture between agribusiness group Wilmar and premium chocolate maker Aalst Chocolate signifies Wilmar's foray into a new consumer product segment — chocolate. Wilmar International Limited's wholly-owned subsidiary KOG Investments Pte Ltd, acquired a 50% equity interest in Aalst Chocolate Pte Ltd, a home-grown chocolate manufacturer in Singapore. "Aalst Chocolate will be able to leverage on Wilmar's vast manufacturing . Wilmar International gets a taste of chocolate after it acquired a 50% stake in Aalst Chocolate Pte Ltd (Aalst Chocolate). LTD. (the "Company") is a Private Company Limited by Shares, incorporated on 20 September 2017 (Wednesday) in Singapore. 14.5 Barry Callebaut. 14.4.3 Product and Service Introduction. Summary. Announcement Title : Asset Acquisitions and Disposals: Date & Time of Broadcast: 31-Aug-2017 17:29:50: Status: New: Announcement Sub Title: Two Singapore Companies, Wilmar and Aalst, team up in Chocolate and Compound Manufacturing Aalst Chocolate operates a state-of-the-art manufacturing facility in Singapore that produces industrial chocolate products using the highest quality . Their most recent acquisition was Aalst Chocolate on Aug 31, 2017. KV Asia Capital invests in a significant equity stake in DXN Holdings Berhad. The Business current operating status is Live Company. Acquired Organization: Aalst Chocolate Aalst is a chocolate manufacturer. Summary. According to DBS Equity Research, the remaining 50% stake will be held by. Singapore. Aalst is 50 per cent owned by Singapore-listed Wilmar International. "Wilmar is a leading manufacturer of specialty fats used in the manufacture of chocolates and compounds, and Aalst Chocolate, with its long experience and expertise in chocolate and compound . By application, the market is classified into the bakery, confectionery, frozen desserts, and . 14.4.2 Market Performance. 14.6 Wilmar International. CIMB Securities 2015-08-06: Wilmar International - Wilmar International - 2Q15 Results. Aalst Chocolate acquired by Wilmar International . Aalst Chocolate . Wilmar International is funded by Archer Daniels Midland Company. AGRICULTURE giant Cargill has entered into an agreement to acquire Singapore-based chocolate manufacturer Aalst Chocolate for an undisclosed amount. Acquiring Organization: Wilmar International Wilmar International Limited is today Asia's leading agribusiness group. Two Singapore Companies, Wilmar and Aalst, team up in Chocolate and Compound Manufacturing by master | Sep 5, 2017 | Media Singapore, 31 August 2017 - Wilmar International Limited ("Wilmar") has, through its wholly-owned subsidiary KOG Investments Pte Ltd, acquired a 50% equity interest in Aalst Chocolate Pte Ltd ("Aalst Chocolate . Based on form, the market is divided into chocolate chips/drops/chunks, chocolate slab, chocolate coatings, and other products. Opportunities for Chocolate Flavoring Compounds Market Participants Combining our expertise in the In an interview with The Business Times in August last year, Wilmar said Aalst constitutes just a "very small component" of its operations and therefore has a . The acquisition was done through purchase of shares from existing shareholders, such as International . Proudly presenting Pâtissier Chocolate, a wide range that offers chefs and gourmet artisans the power to inspire and delight even the most particular food lover. Save . Wilmar International gets a taste of chocolate after it acquired a 50% stake in Aalst Chocolate Pte Ltd (Aalst Chocolate). Wilmar International Limited. Overview. AGRI-FOOD giant Wilmar International has obtained a S$200 million corporate loan pegged to the Singapore Overnight Rate Average (SORA), from DBS. The property is in a food zone. Wilmar recently announced two acquisitions including a 50% stake in local chocolate and compounds manufacturer, Aalst Chocolate Pte Ltd. Wilmar's specialty fats division offers a range of products from chocolate fats to culinary fats. Aug 31 (Reuters) - Wilmar International Limited: * Two Singapore Companies, Wilmar And Aalst, team up in chocolate and compound manufacturing * Unit acquired a 50% equity interest in Aalst . Wilmar - OCBC Investment 2017-09-07: Making Acquisitions. Number of Articles 1. Aalst Chocolate acquired by Wilmar International . Ltd. (Singapore Joint Venture Company) KOG Investments Pte Ltd, a direct wholly-owned subsidiary of Wilmar has acquired a 50% stake in Aalst Chocolate Pte. There are unique opportunities to receive government funding for you to grow internationally.. Verity Consulting has been approved as a preferred partner of . LTD. (the "Company") is a Private Company Limited by Shares, incorporated on 7 May 2003 (Wednesday) in Singapore. Low productivity on cocoa farms as a result of poor agricultural practices, nutrient depleted soils and aging cocoa trees keeps many WILMAR INTERNATIONAL. Established in 2003, Aalst Chocolate has the distinction of being the first Singaporean-owned chocolate manufacturer. Making sustainable chocolate the norm is at the heart of our business and it is the only way through which we can continue to thrive as a company. AALST CHOCOLATE PTE. Wilmar International, the agribusiness group, recently acquired a 50% stake in Aalst Chocolate, a Singaporean chocolate manufacturer, to enter the Chinese chocolate market. Company Profiles 7.1 Cargill 7.2 Puratos 7.3 Clasen Quality Chocolate 7.4 Santa Barbara Chocolate 7.5 Wilmar International 7.6 The Barry Callebaut Group 7.7 Aalst Chocolate 7.8 Garden Morris Packaging and Food 7.9 Aalst Chocolate 7.10 Flanders Filings and Compounds (backed by Fuji Oil Europe) 7.11 Palsgaard 7.12 AAK 7.13 Wilmar International8. Connect to CRM . PATISSIER CHOCOLATE | aalst PÂTISSIER CHOCOLATE Your Masterpiece, Our Pride - It's all about fulfilling your ideas, and what you can accomplish with your creativity. The acquisition details, as well as financials of Aalst Chocolate are scarce, though we understand that Aalst Chocolate has "one of the most cutting edge" manufacturing plants in Singapore having invested about $40 million to date. The Company's clients include confectionery, biscuits and ice cream manufacturers. In 2017, Wilmar International partnered with Aalst Chocolate Pte Ltd, which is a chocolate manufacturer based in Singapore to produce chocolate and compounds. Mr Richard Lee, Chief Executive Officer and Founder of Aalst Chocolate said, "This joint venture would allow Aalst to leverage on Wilmar's vast manufacturing and distribution network in Asia, Aalst can further penetrate into China, a rapidly growing chocolate market and also expand into new geographies.' Read more AVA SILVER AWARD July 7th, 2017 RAFFLES TECHNICAL SERVICES PTE. Edit Recent News & Activity Section. Jan 15, 2018 . Wilmar International Limited's wholly-owned subsidiary KOG Investments Pte Ltd, acquired a 50% equity interest in Aalst Chocolate Pte Ltd, a home-grown chocolate manufacturer in Singapore. 14.6.1 Wilmar International Company . Wilmar: Team Up With Aalst In Chocolate & Compound Manufacturing. establishment of a joint venture with Aalst Chocolate Pte Ltd (Aalst Chocolate), a homegrown chocolate manufacturer in Singapore. With direct access to the best cacao & state-of-art technology, we have been delivering our trusted service and products from Singapore to over 45 countries around the globe. AGRICULTURE giant Cargill has entered into an agreement to acquire Singapore-based chocolate manufacturer Aalst Chocolate for an undisclosed amount. Ltd. (Singapore Joint Venture Company) KOG Investments Pte Ltd, a direct wholly-owned subsidiary of Wilmar has acquired a 50% stake in Aalst Chocolate Pte. Their most recent investment was on Oct 4, 2018, when Accera raised $50M. ShareInvestor subscribers have full access to this article. It primarily serves the industrial sector. 2.3.3 Wilmar International Compound Chocolate Sales, Price, Revenue, Gross Margin and Market Share (2016-2017) 2.4 Barry Callebaut 2.4.1 Business Overview Wilmar International gets a taste of chocolate after it acquired a 50% stake in Aalst Chocolate Pte Ltd (Aalst Chocolate). Global Industrial Chocolate Market to Reach $66.7 Billion by 2027. In 2017, Wilmar had purchased the stake for an undisclosed sum through its subsidiary KOG Investments. Company Profiles 7.1 Cargill 7.2 Puratos 7.3 Clasen Quality Chocolate 7.4 Santa Barbara Chocolate 7.5 Wilmar International 7.6 The Barry Callebaut Group 7.7 Aalst Chocolate 7.8 Sephra 7.9 Chocoley . Summary People Technology Signals & News Similar Companies. The Business's principal activity is CHARTERING OF SHIPS, BARGES AND BOATS . Aalst Chocolate Pte. Wilmar said the acquisition would be a "strategic complement" to its own specialty fats and sugar businesses, as the two commodities are essential raw materials for chocolate. There are structural issues in the chocolate value chain. Compound chocolate market is expected to reach USD 36.10 billion by 2027 growing at a growth rate of 6.30% in the forecast period of 2020 to 2027. Broker: DBS Group Research Call: Hold Target Price: $3.52 Through its subsidiary, Wilmar acquired a 50 per cent equity stake in Aalst Chocolate, a Singapore-based . Wilmar International has made 2 investments. Cargill to acquire Wilmar's 50% owned unit Aalst Chocolate for undisclosed sum . Chocolate Compuesto Descripción general del informe de mercado. supplying quality chocolate to the world: For over ten years, Aalst Chocolate has been bringing pride and joy to the industry of chocolate creation worldwide. Ltd. ("Aalst Chocolate") through a combination of a subscription of 11,200,000 new ordinary shares of Aalst Chocolate at an aggregate subscription consideration of US . According to DBS Equity Research, the remaining 50% stake will be held by Aalst Chocolate's CEO and founder Richard Lee, co-founder and managing director Connie Kwan. See all 2 suppliers of Aalst Wilmar Shanghai Chocolate Contact information for Aalst Wilmar Shanghai Chocolate Address BUILDING 1 NO 118C GAODONG ROAD PUDONG NEW DISTRICT 200137 SHANGHAI Top HS Codes HS 18 - Cocoa and cocoa preparations See more goods shipped on Panjiva Financial terms not disclosed, likely to be funded internally. September 7, 2017 Wilmar's subsidiary KOG Investments has acquired a 50% equity interest in Aalst Chocolate, a home-grown chocolate manufacturer in Singapore. Wilmar recently announced two acquisitions including a 50% stake in local chocolate and compounds manufacturer, Aalst Chocolate Pte Ltd. 5 01 Sep 2021 09:00 By Uma Devi AGRICULTURE giant Cargill has entered into an agreement to acquire Singapore-based chocolate manufacturer Aalst Chocolate for an undisclosed amount. Aug 31, 2017 . Save . This is the Singapore agribusiness industry's first SORA loan, the two companies said in . Edit Overview Section. Apr 18, 2022 (The Expresswire) -- Global Africa Compound Chocolate Marketreport provides market size growth rate by type, growth trends, market share by. We are dedicated to excellence in our quest to produce the best chocolate products in the industry, having invested in state-of-the-art production facilities in Singapore. According to the grapevine, Wilmar is likely to refurbish the . Entered into an agreement to purchase Cargill's edible oil facilities including a palm oil refinery and a storage facility in Kuantan, Malaysia, marking our first presence in the east coast of Peninsular Malaysia. Quorn Foods acquired by Monde Nissin . Monde Nissin . Two Singapore Companies, Wilmar and Aalst, team up in Chocolate and Compound Manufacturing. It was first created 1059726312 ago on 01 August 2003 (Friday). 14. Recent News & Activity. Aalst Chocolate exports 98% of its product to over 50 countries all over the world. The address of the Company's registered office is 28 BIOPOLIS ROAD, SINGAPORE (138568). 2015-08-06. We believe the transaction will be funded internally given the strength of Wilmar's balance sheet. By Uma Devi. Our facilities have the ability to produce quality chocolate and compound for different segment of the markets. The currently registration status for this domain is OK.It's due to expire in 1659283200 on 01 August 2022 (Monday). Cargill to acquire Wilmar's 50% owned unit Aalst Chocolate for undisclosed sum August 30, 2021@4:50 PM TFP Editor Commodities , Energy , NaturalGas 0 AGRICULTURE giant Cargill has entered into an agreement to acquire Singapore-based chocolate manufacturer Aalst Chocolate for an undisclosed amount. • We are a leading manufacturer of specialty fats used in the production of chocolates and compounds and Aalst Chocolate possesses the expertise to expand our offering and services to confectionery manufacturers. The joint venture is a win-win situation, as Aalst can leverage Wilmar's vast Asian network, and Wilmar can enter a new product segment with this downstream investment . Announced Date Aug 31, 2017; Cargill Incorporated, Puratos, The Barry Callebaut Group, Aalst Wilmar Pte Ltd, The Bühler Holding AG are the major companies operating in Africa Compound Chocolate Market.

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