Kaneka completes construction of new processed oil products plant in Indonesia and holds launch ceremony on February 3
February 20, 2014
KFI is a company that manufactures and sells fillings* and other processed oil products established as a 50-50 joint venture with Mitsubishi Corporation (Chiyoda-ku, Tokyo, Japan; President: Ken Kobayashi) for the purpose of building a business foundation in the rapidly growing Indonesian confectionary and bakery market and promoting overseas development of Kaneka’s food business. The total investment was roughly ¥500 million, and the production capacity will be 1,800 tons per year.
* Bread and confectionary ingredients placed in between slices of bread in a sandwich or used to fill bread and snacks. Adds taste variety and contributes to product marketability.
KFI is the first overseas facility in the field of processed oils, which is the core of Kaneka’s food business. Taking advantage of Mitsubishi Corporation’s material procurement functions and knowledge of Indonesia and Kaneka’s manufacturing technology, including its facility, manufacturing and operational know-how related to processed oils, the company will provide high-quality, competitive products and engage in product development and sales promotions including proposals for use of its products. The aim is to achieve ¥2.5 billion in sales by 2015. Kaneka will also look into expanding sales of its other products and those of group companies, including other processed oilproducts and yeasts, in Indonesia and ASEAN countries as it seeks to further accelerate the overseas development of its food business.
Outline of Kaneka Foods Indonesia
Company name: PT. Kaneka Foods Indonesia
Shareholder composition: Kaneka (50%), Mitsubishi Corporation (50%)
Representative: Genichiro Kocho, PresidentDirector
Capital: Rp50 billion (Approx. ¥500 million)
Location: Karawang, Indonesia
Business: Manufacture and sale of fillings and other processed oil products