Expansion plans in Indonesia (20/10/2011)

Names from left to right: Affan Siregar, Job Leuning, Joelle Boxus, Diederik van Kraaikamp, Jos de Loor (all from Cargill), Mr. Syahrul Yasin Limpo (governor of South Sulawesi province), Mr. Yaksan Hamzah, Mr. Burhanuddin Mustafa, Mr. Irman Yasin Limpo, Mr. A. M. Yamin, Mr. Abdul Latif, Mr. Muhammad Firda, Mr. Lutfi Halide.

In a series of highly positive meetings in Indonesia, key governmental and other stakeholders embraced our intention to invest in a new cocoa processing facility in that country. The plant will be designed to produce a range of high quality cocoa powders and cocoa butter, enabling us to better serve our customers in Asia and to meet increasing demand for these products in the region.

The plant, most likely located in South Sulawesi, will involve an investment of up to US $100 million and have a cocoa bean grind of some 65,000 mt per year. It should become operational within the next few years.

We see this as an excellent opportunity to continue to invest in and grow our successful business operations in the country while helping support local economic growth and securing market access for cocoa farmers for the future.