Founded in the 1980s
, we 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, our market share in Malaysia, based on revenue was 13.3%1
computed as a percentage of our revenue over the total revenue of all the cocoa processing companies in Malaysia with cocoa grinding licenses, and our cocoa bean processing accounted for 14.6%1
of the total cocoa beans processed in Malaysia.
Our 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 our two key products that comprised more than 90% of our total revenue.
In 2003, we completed the construction of our cocoa processing plant in Pelabuhan Tanjung Pelepas (“PTP”), a free trade zone in Johor Bahru, Malaysia. All our products are manufactured under stringent food safety standards and sold primarily under the “JBCocoa” brand name. We export our products worldwide to customers ranging from international trade houses to end users such as food and beverage and confectionery manufacturers.
1 From the “Independent Market Research Report on the Cocoa Processing Industry” by Frost & Sullivan dated May 2012.