Chocolate manufacturer Barry Callebaut has announced that it has signed a long-term agreement with Garudafood to supply 7,000 tonnes of compound chocolate per year to the Indonesian food and beverage company.
As a part of the agreement, Barry Callebaut will invest around CHF 2.8 million (€2.5 million) to build a plant within Garudafood’s premises in Rancaekek, Bandung.
'Business Expansion'
Commenting on the agreement, Barry Callebaut’s president of Asia Pacific, Ben De Schryver, said, “This business expansion will also solidify our footprint in Indonesia, the world’s fourth most populous country with more than 260 million people and one of the most vibrant economies in the Asia Pacific.”
The chief executive of Garudafood, Hardianto Atmadja, said, “This collaboration is also part of our ‘open innovation’ strategy and in support of Industry 4.0, so that our products made are of world-class quality.”
In 2015, Barry Callebaut built its first chocolate factory in Garudafood’s Gresik plant, and the company now supplies more than 10,000 tonnes of compound chocolate per year to Garudafood.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
