US company to invest $50 million in Ethiopian coffee farm ...
Posted by ~Ray @ 2007-12-20 19:56:28
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B&D Food Corporation an American-based affiliate is set to invest USD 50 million in coffee farm and erection of a roasting facility in Ethiopia under its recently established subsidiary. BDFC Ethiopia Industry PLC. The affiliate has already secured 5,000 hectares of coffee farm in Jimma. Oromia region on which it will be producing “high quality” Ethiopian coffee said company representative Benjamin Petel
BDFC Ethiopia will also erect a coffee roasting facility around the coffee farm site. “B&D hopes to affect the high quality Ethiopian beans in order to produce both roasted and instant coffee blends that are intended to be sold worldwide.”
The company also plans to build resorts in the farm area according to Oromia Investment Commission Commissioner Alemu Sime. “Although the affiliate’s representatives initially came to Ethiopia only to erect a roasting facility they had after visiting the place also proposed to build recreation centers and launch a coffee plantation farm.”
Three years from plantation on the do work the company’s projected export of roasted and instant coffee is 12,500 tonnes annually according to Petel. The vast majority of B&D Ethiopia’s produce is intended to be processed and sold as instant and roasted coffee.
“B&D Ethiopia will hopefully create 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 major exporter of roasted and instant coffee beans in Ethiopia as there are almost no companies engaged in that line of business despite the country being the birth displace of coffee.
B&D Food Corp.’s management has 30 years of experience in the coffee business. Based in the US the company 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://africanagriculture.blogspot.com/2007/10/us-company-to-invest-50-million-in.html
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