Indofood Builds US$5mn Indomie Factory in Marocco
11 May 2015 15:30 WIB
TEMPO.CO, Jakarta - Food and beverage manufacturer PT Indofood Sukses Makmur Tbk (INDF) is building an Indomie factory in Johra Ain Industrial Estate in Tiflet, Morocco. Indomie is the company's top-selling instant noodle product that has become one of Indonesians' staple foods.
The plant is said to be the biggest Indomie factory outside Indonesia. The investment plant is estimated at US$5 million.
Indofood entered the Moroccan market five years ago by forming a joint venture with Indo Morocco Company, which is a partnership between Sawaz Group (Salim Group and Wazaran/Saudi Arabia Group) and local company Morocco LINA.
The factory construction in Morocco is part of Indofood plan to expand in Africa. Through its subsidiary, PT Indofood CBP Sukses Makmur Tbk (ICBP), the company has tapped into the markets of Nigeria, Egypt, Sudan, Kenya, and Ethiopia.
Secretary of the Indonesian Embassy in Rabat, Muhammad Hartantyo, said the Indomie factory construction began in January 2015. The factory is expected to start producing by the third quarter of this year.
"It will be the largest Indomie factory outside Indonesia," he said as quoted by Antara yesterday.
URSULA FLORENE | ADITYA BUDIMAN