Over the last few years, we have focused significant attention on developing our midstream processing activities, among them our successful investments into a refinery in Central Java in Indonesia, and two sugars mill in India.
Our quest to make more value-added appropriations has extended to:
Milling assets in large producing countries with a comparative cost advantage and/or large protected markets
Milling assets in regulated, structurally-inefficient markets which offer potential for extracting high economic rents
Refining assets in large deficit-prone consuming countries with a favourable regulatory regime
Such investments, coupled with our research and trading capabilities, will allow us to better manage the production chain and help us extract greater value at every stage.