Founded in the 1980s, They are one of the major cocoa ingredient producers in Malaysia. JB Foods Limited was listed on the Mainboard of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 23 Jul 2012. In FY2010, their market share in Malaysia, based on revenue was 13.3% computed as a percentage of our revenue over the total revenue of all the cocoa processing companies in Malaysia with cocoa grinding licenses, and their cocoa bean processing accounted for 14.6% of the total cocoa beans processed in Malaysia. Their principal activities comprise the production and sale of cocoa ingredient products, namely cocoa butter, cocoa powder, cocoa liquor and cocoa cake. Cocoa powder and cocoa butter are their two key products that comprised more than 90% of their total revenue. In 2003, They completed the construction of their cocoa processing plant in Pelabuhan Tanjung Pelepas (“PTP”), a free trade zone in Johor Bahru, Malaysia. All their products are manufactured under stringent food safety standards and sold primarily under the “JB Cocoa” brand name. They export their products worldwide to customers ranging from international trade houses to end users such as food and beverage and confectionery manufacturers. |