JB FOODS LIMITED 2 02 2
A N N UA L R E P O R T
SAVORING LIFE TOGETHER
ANNUAL REPORT 2022
TABLE OF
CONTENTS
CORPORATE PROFILE | 02 |
OUR BUSINESS | 03 |
OUR PRODUCTS | 04 |
CHAIRMAN AND CEO STATEMENT | 05 |
FINANCIAL HIGHLIGHTS | 07 |
OPERATIONS AND FINANCIAL REVIEW | 08 |
BOARD OF DIRECTORS | 10 |
EXECUTIVE OFFICERS | 13 |
SUSTAINABILITY REPORT | 14 |
CORPORATE INFORMATION | 55 |
FINANCIAL CONTENTS | 56 |
01
JB FOODS LIMITED
CORPORATE
PROFILE
JB Foods Limited ("JB
Foods" or the "Group") started as a processor of wet cocoa beans to dry cocoa beans in the 1980s. Today, it has grown to be one of the major cocoa ingredient producers in the world, with a total processing capacity of 180,000 metric tonnes of cocoa beans equivalent per year, with two factories located at the Port of Tanjung Pelepas, a free trade zone in Johor, Malaysia, and in the Maspion Industrial Estates in Gresik, Indonesia, approximately 30 km from the Surabaya port.
The Group's principal activities
comprise the production and sale of cocoa ingredient
products, namely cocoa mass, cocoa butter and cocoa powder.
JB Foods has been listed on the Mainboard of the Singapore Exchange Securities Trading Limited since 2012.
02
ANNUAL REPORT 2022
OUR
BUSINESS
ESTONIA | ||||
JBC EUROPE OU | ||||
@ Talliun | ||||
ESTONIA | ||||
USA | CHINA | |||
New York | JB COCOA FOODS | |||
(CHINA) CO. LTD. | ||||
@ Shanghai | ||||
IVORY | MALAYSIA | MALAYSIA | ||
JB COCOA SDN BHD | ||||
COAST | SINGAPORE | @ Gelang Patah | ||
INDONESIA | ||||
Jakarta | ||||
INDONESIA | ||||
PT JEBE KOKO@ | ||||
Surabaya | ||||
FACTORIES/WAREHOUSE FACILITIES | SALES OFFICES | SOURCING CENTER |
PRINCIPAL BUSINESS
JB Foods Limited's core business is in the production and sale of cocoa ingredient products, namely cocoa mass, cocoa butter and cocoa powder.
Over the years, through its strong focus on product quality and development, the Group has honed its capability to develop and customise cocoa ingredient products to meet the varying and exacting requirements of globally diversified customers.
Complying with the highest standards of food safety, the Group ensures that its quality products consistently meet or exceed its customers' expectations. With its technical know- how, product expertise and proprietary blending methods, the Group has gained widespread recognition from its global customers.
The Group's products are sold primarily under the "JB COCOA" brand name to a worldwide customer base ranging from international trade houses to end users such as food and beverage and confectionery manufacturers.
PRODUCTION FACILITIES
MALAYSIA
The Group's first cocoa processing facility is located in the Port of Tanjung Pelepas, a strategic logistics hub within a free trade zone in Johor, Malaysia. This has enabled the Group to significantly reduce land logistics costs, as well as delivery time, while closely monitoring the shipment of its containers.
INDONESIA
In 2014, the Group exercised its call option to acquire an 80% equity interest in PT Jebe Koko, a cocoa bean processing facility. This facility is located in the Maspion Industrial Estate in Gresik, Indonesia, approximately 30 km from the Surabaya port, and focuses on processing raw cocoa beans sourced domestically in Indonesia.
AWARDS AND CERTIFICATIONS AWARDS
- Certification of Excellence, Industry Excellence Award for the consumer product sector 2007/2008
- Malaysian Commodities Industry Award 2011 for Best Processing Plant
- Best Cocoa Grinder Award 2012
CERTIFICATIONS
• Halal Certificate
• Kosher Certificate
• HACCP Certificate
• Rainforest Alliance
• FSSC 22000
• Fairtrade USA
• Fairtrade International
• Project Non-GMO
MALAYSIA | INDONESIA |
120,000 MT | 60,000 MT |
COCOA BEANS | COCOA BEANS |
EQUIVALENT | EQUIVALENT |
PER YEAR | PER YEAR |
03
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Disclaimer
JB Foods Ltd. published this content on 11 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2023 09:15:02 UTC.
