PepsiCo exits Indonesian snack market with sale of stake in Indofood Fritolay joint venture

INDONESIA – American multinational food and beverage company PepsiCo is exiting the Indonesian snack market after more than 30 years of existence in one of South East Asia’s most populous nation. Following the exit, PepsiCo’s 49% share in its local joint venture PT Indofood Fritolay Makmur (IFL) has been acquired by Indofood CBP Sukses Makmur Tbk for about US$35.13 million. Indofood’s now owns 99.99% shares in the company, up from 51%. PepsiCo and Indofood CBP entered the joint venture back in 1990, in order to produce and distribute Frito-Lay snacks…

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Barry Callebaut partners Deloitte to help farmers in Indonesia modernize cocoa farming

INDONESIA – Barry Callebaut , one of world’s largest cocoa processors and chocolate manufacturers and Deloitte – one of the big four audit firms – have announced a multi-year partnership to accelerate the support for cocoa farming communities in Indonesia.  The multi-year strategic collaboration aims to equip Indonesian farmers with skills necessary for improving their cocoa farming ventures into modern, high income ventures. To this end, the companies plan to deliver educational and skills development programmes to over 30,000 cocoa farmers in Sulawesi and Sumatra. According to Barry Callebaut, Indonesia…

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Swiss food giant Nestlé partners with Plug and Play to accelerate innovation in Indonesia

INDONESIA – Nestlé, the Swiss multinational food and drink processing conglomerate, has partnered with Plug and Play, a global innovation platform for industry accelerators, to accelerate its innovation efforts in Indonesia. Headquartered in Silicon Valley, Plug and Play brings together the most promising start-ups with the world’s leading corporations, in order to drive investment, foster innovation and secure collaborative partnerships. Since its inception in 2006, Plug and Play’s accelerator programmes have expanded worldwide to over 30 locations, with over 30,000 start-ups and 400 official corporate partners. The company’s presence in…

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TPG, Northstar acquire majority stake in Indonesia’s largest dairy business PT Green Fields

INDONESIA  –  American investment company TPG and Singaporean private equity firm Northstar Group have jointly acquired an 80% in Indonesia’s largest dairy business, PT Green Fields. The two private equity buy out firms acquired the stake from Japfa Limited, a Singapore-based pan-Asian, industrial agri-food company, in a deal estimated to be worth US$236 million. According to its website, Japfa established the Indonesian dairy business in 1997, growing it into one of the largest dairy farms in Southeast Asia. The business is vertically integrated with more than 16,000 Holstein and Hersey…

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Indonesian ride-hailing and food delivery company Gojeck raises US$150M from Telkomsel

 INDONESIA – Gojeck, Indonesia’s home-grown ride-hailing and food delivery company, has raised US$150 million from Telkomsel, a leading network service provider and subsidiary of Telkom Indonesia and Singtel. This strategic investment takes place about six months after gojek received a financing from Facebook and PayPal along with existing backers Google and Tencent, in a series F round that the company had so far raised to over US$3 billion. The collaboration between Gojeck and Indonesia’s largest mobile service provider, marks an expansion of the two tech giants’ multi-year partnership that has…

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Mondelēz International launches new cocoa crop science technical centre in Indonesia

INDONESIA – Mondelēz International has opened a new ‘state-of-the-art’ cocoa crop science technical centre in Pasuruan, Indonesia that will support the development of sustainable and resilient high-yield farming practices. The center enables Mondelēz International to develop and promote better cocoa farming practices, continuing its work with farming communities, suppliers and partners around the world. It represents an important step in the company’s mission to lead the future of snacking by securing a sustainable future for high-quality cocoa, so consumers can enjoy the right snack, for the right moment, made the…

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IFAD, Mars and ICRAF invest US$4m on sustainable farming project in Indonesia and the Philippines

ASIA – The International Fund for Agricultural Development (IFAD), Mars, Incorporated and World Agroforestry (ICRAF) have partnered to invest US$4 million on a five-year research-in-development project, Sustainable Farming in Tropical Asian Landscapes (SFITAL) in Indonesia and the Philippines. The project, according to a press-release by IFAD, aims to explore how agricultural systems can be managed sustainably in entire landscapes in a way that respects the environment and enables the producers to thrive by linking them to global supply chains. SFITAL will focus on palm oil in Indonesia and cocoa in…

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Indonesia’s Indofood to buy instant noodle maker Pinehill for US$3b

INDONESIA – PT Indofood CBP Sukses Makmur, an Indonesian consumer branded products company, is planning to acquire Pinehill Company Limited,  a producer of instant noodles in Africa and the Middle East for US$3 billion to expand in fast-growing markets for consumer products. Indofood CBP, part of conglomerate Indofood Sukses Makmur, will acquire 100% of Pinehill Co. from Pinehill Corpora Ltd., an affiliated party of Indofood CBP, and Steele Lake Ltd. Indofood entered into the agreement to acquire the company in May this year. According to a report by Bloomberg, the…

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De Heus Animal Nutrition acquires ADM’s compound feed operations in Indonesia

INDONESIA – Dutch animal nutrition company, De Heus Animal Nutrition has completed the acquisition of the compound feed operations of Neovia Indonesia (PT Welgro Feedmill and PT Wirifa Sakti) from ADM. The acquisition further strengthens De Heus’ position in Indonesia with two compound feed mills located in West-Java and East-Java that generated total sales volume of 125,000 tonnes in 2019. Neovia Indonesia focus mainly on the poultry, aqua and swine feed segments. It is estimated that the size of the animal feed market in Indonesia will increase from 19 million…

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Coca-Cola Amatil teams up with Dynapack Asia to build recycling plant in Indonesia

INDONESIA – Coca-Cola Amatil Indonesia has entered into a Heads of Agreement with long-term packaging partner Dynapack Asia, to build a state-of-the-art bottle to bottle grade Polyethylene Terephthalate (PET) recycling facility in Indonesia. Coca-Cola Amatil and Dynapack said that they will work together through a proof of concept phase, which is intended to consider a potential plant’s economic feasibility, size, scale and location, end-to-end requirements and potential integration into each company’s value chains. President Director of Coca-Cola Amatil Indonesia, Kadir Gunduz, revealed Amatil and Dynapack had established a joint project…

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