News Release

2010.7.22Joint Venture Company to be Established in Indonesia

Fuji Oil Co., Ltd.



Fuji Oil Co., Ltd. and Pt. Mikie Oleo Nabati Industri (“MONI”) of the Musim Mas Group, an oils and fats manufacturer specializing in Southeast Asia, today have reached an agreement to establish a joint venture company in Indonesia.

1. Objectives of Establishment

 Our group has been growing on its overseas operations with a focus in the Asian markets, and will further develop and expand our processed oil and fats segment by establishing a joint venture company to produce and sell processed oil and fats in Indonesia, where growth is anticipated.

2.Outline of the New Company
(1) Name Pt. Musim Mas-Fuji
(2) Location Bekasi, Republic of Indonesia
(3) President Bachtiar Karim (MONI President)
(4) Date established October, 2010 (plan)
(5) Line of business Production and sales of margarines, shortenings and processed oils and fats
(6) End of fiscal year December 31
(7) Capital IDR 100,000 million (approx. \1 billion)
(8) Shareholders MONI: 51%
Fuji Oil Co., Ltd.: 49%
(9) Start of production January 2012 (plan)
(10) Sales target IDR 517,000million (for FY2014)
(11) Number of employees Approx. 40 (plan)


(Reference)
Outline of Pt. Mikie Oleo Nabatindustri

(1) Name Pt. Mikie Oleo Nabatindustri
(2) Location Bekasi, Republic of Indonesia
(3) President Bachtiar Karim
(4) Line of business Oil refining, production and sales of processed oils and fats, household oils and fats, soap ingredients and oleo-chemicals
(5) Net assets IDR 138,950 million (as of end of December 2009)

End of report

Inquiries

About inquiries

  • Inquiries are accepted during company hours on weekdays.
    Working hours: 9:00 AM ~ 5:00 PM, Monday ~ Friday
    (Inquiries are not accepted on Saturdays, Sundays, holidays, the year-end holiday season, the summer vacation season, and company holidays.)
  • Please note that it may take considerable time for us to respond to your inquiry, depending on the matter raised.
    Please also note that we may not be able to provide a response, depending on the matter raised.
  • Replies will be sent to the individual customer. Please refrain from forwarding, making secondary use of, or disclosing any reply, in whole or in part, to any third party, without the permission of our company.
  • Because we may furnish a reply by telephone, please enter a telephone number where you can be contacted during the day.

Inquiry type

Inquiry subject *
Name of the product
Purpose
Inquiry text *

Customer information

First Name *
Last Name * * This field is required.
E-mail address *
(Enter again for confirmation)
Postal code * This field is required.
Address1 *
Address2 *
City *
State/Province *
Country *
Telephone number
Occupation *
Company name
Organizational unit

Personal information

  • We shall manage all personal information on customers and the text of their inquiries in accordance with our policy on protection of privacy.
  • We shall use any personal information on customers only for response to their inquiries.

Click the send button if the text is correct.

Inquiry type

Inquiry subject
Name of the product
Purpose
Inquiry text

Personal information

First Name
Last Name
E-mail address
Postal code
Address1
Address2
City
State/Province
Country
Telephone number
Occupation
Company name
Organizational unit

We have received your inquiry. Thank you for sending it.