B&D Food Corporation, an American-based company, 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 company has already secured 5,000 hectares of coffee farm in Jimma, Oromia region, on which it will be producing "high quality" Ethiopian coffee, company representative Benjamin Petel told The Reporter in a statement on Sunday. BDFC Ethiopia will also erect a coffee roasting facility around the coffee farm site, which had last week been handed over to it by the Oromia Investment Commission. Presently, the company is finalizing preparation to embark upon the project.
"BDFC Ethiopia intends to begin planting in the coming months and, in parallel, is working on building a processing factory on the plantation grounds," Petel said. "B&D hopes to process the high quality Ethiopian beans in order to produce both roasted and instant coffee blends that are intended to be sold worldwide."
The company will invest 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 Reporter. The company also plans to build resorts in the farm 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 build 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 full range of coffees, like the one the company currently owns in Brazil," Petel said.
Three years from plantation on the farm, the company's projected export of roasted and instant coffee is 12,500 tonnes (on an annual basis), 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 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 company operates in the food and beverage industry, specifically in coffee and related products. It has a coffee production facility in Brazil.
By Hayal Alemayehu
The company has already secured 5,000 hectares of coffee farm in Jimma, Oromia region, on which it will be producing "high quality" Ethiopian coffee, company representative Benjamin Petel told The Reporter in a statement on Sunday. BDFC Ethiopia will also erect a coffee roasting facility around the coffee farm site, which had last week been handed over to it by the Oromia Investment Commission. Presently, the company is finalizing preparation to embark upon the project.
"BDFC Ethiopia intends to begin planting in the coming months and, in parallel, is working on building a processing factory on the plantation grounds," Petel said. "B&D hopes to process the high quality Ethiopian beans in order to produce both roasted and instant coffee blends that are intended to be sold worldwide."
The company will invest 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 Reporter. The company also plans to build resorts in the farm 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 build 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 full range of coffees, like the one the company currently owns in Brazil," Petel said.
Three years from plantation on the farm, the company's projected export of roasted and instant coffee is 12,500 tonnes (on an annual basis), 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 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 company operates in the food and beverage industry, specifically in coffee and related products. It has a coffee production facility in Brazil.
By Hayal Alemayehu
Source: Ethiopian Reporter
This is great info to know.
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