Olam International to invest 61 Million US-Dollar in new cocoa processing facility in Indonesia

Olam International Ltd, a leading agri-business operating across the value chain in 65 countries, has announced that it will be investing USD 61 m to establish a new cocoa processing facility in Indonesia. The project enables Olam to leverage the strength of its Indonesian cocoa sourcing network and participate in the growth of Asian cocoa consumption. With an initial capacity of 60,000 metric tonnes, the facility will produce cocoa butter, cocoa cake and high quality cocoa powders.

The plant will primarily grind Indonesian beans sourced through Olam’s traceable cocoa network, which includes the 32,000 farmers who form the core of its sustainable supply chain in the country, as well as from its plantation on Seram Island acquired in 2013. In addition, beans will be supplied from Olam’s farm-gate networks in Africa.

The investment is in line with Olam’s Cocoa strategy of integrating its global cocoa bean supply chain capabilities with processing capacities in selected origins to address the growing outsourcing trend by confectioners and the rising global consumption demand for sustainable high quality cocoa products, particularly in Asia. Indonesia is one of the major origins for cocoa beans as well as a growing market for cocoa products.

Headquartered in Singapore, Olam International is a leading agri-business operating across the value chain in 65 countries, supplying various products across 16 platforms to over 13,600 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses.

www.olamonline.com