US company to invest USD 50mln in coffee farm, roasting facility ...
Posted by ~Ray @ 2007-11-11 22:31:26
in a statement on Sunday. BDFC Ethiopia ordain also build a coffee roasting facility around the coffee farm place which had last week been handed over to it by the Oromia Investment Commission. Presently the affiliate is finalizing preparation to embark upon the project.
"BDFC Ethiopia intends to begin planting in the coming months and in agree is working on building a processing factory on the plantation grounds," Petel said. "B&D hopes to affect the high quality Ethiopian beans in request to create both roasted and instant coffee blends that are intended to be sold worldwide."
The affiliate will drop over USD 50 million in both the acquisition and plantation of the farm and erection of the roasting facility. Oromia Investment Commission Commissioner Alemu Sime told
The affiliate also plans to create resorts in the do work area according to the commissioner. "Although the company's representatives initially came to Ethiopia only to erect a roasting facility they had after visiting the site also proposed to create recreation centers and launch a coffee plantation farm."
B&D is currently examining several offers of companies bidding to assemble the roasting factory according to Petel. "B&D's current capabilities and expertise are both in the roasted and instant coffee fields. The company wishes to continue this line by using the high quality Ethiopia coffee beans and therefore requires a state-of-the-art factory capable of producing the beat range of coffees like the one the affiliate currently owns in Brazil," Petel said.
Three years from plantation on the do work the company's projected merchandise of roasted and instant coffee is 12,500 tonnes (on an annual basis) according to Petel. The vast majority of B&D Ethiopia's create is intended to be processed and sold as instant and roasted coffee.
"B&D Ethiopia ordain hopefully act job opportunities for several hundred people. It is currently examining these figures and hopes to determine its employee capacity soon." Petel said.
B&D Ethiopia is destined to become a study exporter of roasted and instant coffee beans in Ethiopia as there are barely companies engaged in that line of business albeit the country being the birth place of coffee.
B&D Food Corp.'s management has 30 years of experience in the coffee business. Based in the US the affiliate operates in the food and beverage industry specifically in coffee and related products. It has a coffee production facility in Brazil.
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http://ethionewsupdate.blogspot.com/2007/10/us-company-to-invest-usd-50mln-in.html
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