Barry Callebaut and P.T. Comextra Majora open USD 33 million cocoa facility in Makassar/Indonesia
(Thomson Reuters ONE) -
Barry Callebaut /
Barry Callebaut and P.T. Comextra Majora open USD 33 million cocoa facility in
Makassar/Indonesia
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Enhancing manufacturing footprint in fast-growing Asian markets
* Joint venture company P.T. Barry Callebaut Comextra Indonesia opens USD 33
million (CHF 31 million / EUR 25 million)[1] facility to meet growing cocoa
demand in Asia
* Broad network of local Asian cocoa and chocolate factories puts Barry
Callebaut's production assets very close to its customers
* Barry Callebaut to expand its "Cocoa Horizons" sustainability activities to
Indonesia
Makassar, Indonesia/Zurich, Switzerland - September 3, 2013 - Barry Callebaut,
the world's leading manufacturer of high-quality cocoa and chocolate products,
today celebrated the inauguration of its new, joint cocoa processing facility in
Makassar. For this, Barry Callebaut created a joint venture with P.T. Comextra
Majora, a diversified soft commodities trader and a leading exporter of cocoa
from Indonesia as well as a long-standing business partner of Barry Callebaut,
as announced in November 2011. Barry Callebaut owns 60%, and P.T. Comextra
Majora 40% of the joint venture company P.T. Barry Callebaut Comextra Indonesia.
The USD 33 million (CHF 31 million / EUR 25 million) cocoa factory in Makassar
will have an initial annual grinding capacity of 30,000 tonnes, which is
supported by a long-term bean supply agreement with P.T Comextra Majora.
Reinforced manufacturing footprint, closer to customers
Following the recent acquisition of the cocoa business from Singapore-based
Petra Foods, Barry Callebaut is further enhancing its manufacturing footprint in
fast-growing Asian markets: Besides the newly built Makassar site, the company
has 4 other cocoa and 4 chocolate factories in the region. With this network
Barry Callebaut is able to produce very close to its customers - both local and
global food manufacturers in Asia-Pacific.
Asia-Pacific - fast growing demand and important source of cocoa beans
As Asian economies grow, demand for high quality cocoa and chocolate products
also increases. It is expected that Asian demand for cocoa powder products will
grow by 5-9% annually in the coming years; chocolate volume growth is forecast
to increase by 4-6% in the same period - much higher than the respective growth
rates in other parts of the world.[2]
With 13% of the world crop, Indonesia is the world's third largest cocoa growing
country. The new factory in Makassar is ideally located on Sulawesi Island,
where most Indonesian beans are grown, thus reducing logistics costs.
Juergen Steinemann, CEO of Barry Callebaut, said: "The new facility in Makassar
built jointly with our partner P.T. Comextra Majora opens new cocoa sourcing
possibilities and further strengthens our overall manufacturing footprint in our
Region Asia-Pacific. Together with earlier investments and the recently acquired
cocoa factories from Petra Foods in Asia, we are able to offer the best factory
structure and support in a region where demand for quality cocoa and chocolate
products is growing rapidly."
Partnership between two leading companies
According to Jimmy Wisan, CEO of P.T. Comextra Majora and President Commissioner
of the joint venture P.T. Barry Callebaut Comextra Indonesia, the partnership is
a natural extension of the long-standing business relationship with Barry
Callebaut. He commented: "Our businesses complement each other and the
partnership will harness the strengths of both companies. Barry Callebaut will
be responsible for the operations and will purchase the manufactured products
while P.T. Comextra Majora will supply the new facility with cocoa beans under a
long-term supply agreement."
Securing a sustainable cocoa supply from regions outside West Africa
Barry Callebaut is dedicated to maintaining and contributing to a sustainable
cocoa supply chain. For this, Barry Callebaut is expanding its sustainability
activities to include Indonesia. The company already started to roll out its
global sustainability initiative "Cocoa Horizons" in the region.
Besides its own activities, Barry Callebaut established the Combat Grakindo
Foundation together with P.T. Comextra Majora in 2012, a joint local
sustainability initiative to provide training to cocoa farmers in Central
Sulawesi. Barry Callebaut is also a member of the Cocoa Sustainability
Partnership (CSP), a public-private forum started in 2006 for stakeholders
actively engaged in cocoa development initiatives in Indonesia.
***
P.T. Comextra Majora (www.comextra.com):
P.T. Comextra Majora, a leading exporter of cocoa and cashew kernels from
Sulawesi, Indonesia, is a long-standing trusted business partner of Barry
Callebaut and has a proven track record as a premier Indonesian bean exporter.
P.T. Comextra Majora has been the main supplier of Indonesian cocoa beans to
Barry Callebaut for many years. Jimmy Wisan, CEO of P.T. Comextra Majora, serves
as President Commissioner of the new company, P.T. Barry Callebaut Comextra
Indonesia.
Barry Callebaut (www.barry-callebaut.com):
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion)
in fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate products - from sourcing and
transforming cocoa beans to producing the finest chocolate, including chocolate
fillings, decorations and compounds. Combined with the recently acquired cocoa
ingredients business from Petra Foods, Barry Callebaut generates estimated
annual sales of CHF 6 billion (EUR 4.9 billion / USD 6.4 billion), runs around
50 production facilities worldwide, sells its products in over 100 countries and
employs a diverse and dedicated workforce of more than 8,000 people.
Barry Callebaut serves the entire food industry, from industrial food
manufacturers to artisanal and professional users of chocolate, such as
chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two
global brands catering to the specific needs of these customers are Callebaut(®)
and Cacao Barry(®).
***
Contacts P.T. Comextra Majora
for investors and financial analysts: for the media:
Kismono Hari Murty Irfan Irawan
Head of Investor Relations External Communications Manager
P.T. Comextra Majora P.T. Comextra Majora
Phone: +62 411 510051 Phone: +62 411 510051
comextra(at)comextra.com comextra(at)comextra.com
Contacts Barry Callebaut AG
for investors and financial analysts: for media outside Asia-Pacific:
Evelyn Nassar Raphael Wermuth
Head of Investor Relations Head of Media Relations
Barry Callebaut AG Barry Callebaut AG
Phone: +41 43 204 04 23 Phone: +41 43 204 04 58
evelyn_nassar(at)barry-callebaut.com raphael_wermuth(at)barry-callebaut.com
for Singapore media: for Indonesia media:
Joey Wong Astrid Wena
Grayling Asia IPMPR
Phone: +65 9830 9957 Phone: +81 11 75 7564
joey.wong(at)grayling.com astrid.wenas(at)ipmpr.net
[1] See also previous announcement of November 18, 2011: "Barry Callebaut and
P.T. Comextra Majora enter into joint venture in Indonesia".
[2] Source: Euromonitor.
The complete news release and photos can be downloaded from the following links:
Factory View 2:
http://hugin.info/100441/R/1726765/576310.jpg
Press Release:
http://hugin.info/100441/R/1726765/576276.pdf
CocoaProducts_2:
http://hugin.info/100441/R/1726765/576281.jpg
Factory View:
http://hugin.info/100441/R/1726765/576279.jpg
CocoaProducts_1:
http://hugin.info/100441/R/1726765/576280.jpg
Press Conference Presentation:
http://hugin.info/100441/R/1726765/576298.pdf
Ceremony Picture:
http://hugin.info/100441/R/1726765/576309.jpg
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Barry Callebaut via Thomson Reuters ONE
[HUG#1726765]
Unternehmensinformation / Kurzprofil:
Datum: 03.09.2013 - 10:05 Uhr
Sprache: Deutsch
News-ID 292805
Anzahl Zeichen: 9751
contact information:
Town:
Zurich
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 188 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Barry Callebaut and P.T. Comextra Majora open USD 33 million cocoa facility in Makassar/Indonesia"
steht unter der journalistisch-redaktionellen Verantwortung von
Barry Callebaut (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
