Access to local expertise and an established cocoa business in Asia for Barry Callebaut – access to a broad global platform for KLK Cocoa
KLK Cocoa is a wholly-owned subsidiary of Kuala Lumpur Kepong Berhad (KLK). Drawing on its core business, plantations, KLK has expanded downstream into resource-based manufacturing, in particular, oleochemicals, rubber processing and cocoa processing. KLK Cocoa was incorporated in 1990 and has gained a strong market position in high-quality cocoa and chocolate products. KLK Cocoa’s customers in Malaysia, Japan, India and Australia include multinational food manufacturers as well as food specialists that appreciate KLK Cocoa’s uncompromising quality and food safety standards. KLK Cocoa employs about 360 people and has annual sales of approx. RM500 million (USD 150 million).
KLK Cocoa’s state-of-the-art factory in Port Klang, located about 40 km west of Malaysia’s capital, Kuala Lumpur, has an annual capacity of 70,000 metric tonnes for cocoa products (cocoa liquor, cocoa powder, cocoa butter), and of 10,000 metric tonnes for the chocolate and compound. This makes it one of Asia’s leading cocoa manufacturers. KLK Cocoa’s services also include a Research & Development Center as well as prototype equipment, a pilot plant and an application test kitchen to facilitate development work. Product brands are KLK Cocoa, Selbourne and Mayer.
Barry Callebaut, a global company with European roots and more than 150 years of tradition and innovation, has been present in the Asia-Pacific region with a chocolate factory in Singapore since 1997. In 2007 the company signed an agreement with Morinaga of Japan to acquire a modern chocolate factory, coupled with a long-term supply agreement. In January 2008, Barry Callebaut opened a new chocolate factory and a Chocolate Academy in Suzhou near Shanghai, China. Furthermore, Barry Callebaut has sales offices in Tokyo, Japan, and in Mumbai, India.
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The KLK Group is a global plantation and resource based manufacturing group with a market capitalisation of approximately RM17.4 billion (USD5.4 billion) as at 26 March 2008. Although plantation remains as the KLK Group’s core business, over the years KLK has integrated a downstream oleochemicals business and expanded into resourced based manufacturing to add value to its upstream operations. The KLK Group has also ventured into property development to further enhance the value of its land bank as many of its plantations are strategically located along potential population and commercial growth areas in Malaysia.
For the year ended 30 September 2007, the KLK Group recorded a profit before tax of RM886 million (approximately USD276 million) on a turnover of RM5 billion (approximately USD1.6 billion), with its core business, plantation, contributing RM699 million (approximately USD218.4 million) or 79% of the profit before tax.
KLK is listed on the Main Board of the stock exchange of Malaysia, Bursa Malaysia Berhad (KLK).
About Barry Callebaut:
With annual sales of more than CHF 4 billion for fiscal year 2006/07 (as of August 31, 2007), Zurich-based Barry Callebaut is the world’s leading manufacturer of high-quality cocoa and chocolate – from the cocoa bean to the finished product on the store shelf. Barry Callebaut is present in 24 countries, operates about 40 production facilities and employs approximately 8,000 people. The company serves the entire food industry, from food manufacturers to professional users of chocolate (such as chocolatiers, pastry chefs or bakers), to global retailers. It also provides a comprehensive range of services in the fields of product development, processing, training and marketing.
Barry Callebaut is listed on the Swiss Exchange SWX (BARN).