InfoSAWIT, JAKARTA – The first is Cai Lan Nabati Oil Company Limited (CALOFIC). It is the joint-venture company between vegetable oil industrial company (VOCARIMEX) that belongs to Ministry of Industry and Trade, and Wilmar Group in Singapore.

According to Vietnam Briefing, the joint-venture company was established in 1996 with the first investment reaching US$ 22 million. It got expanded to be US$ 261 million. The company mastered 47,7 percent trade in 2019. It produced and processed vegetable oils in the country and most of the production derived from crude resources in the country.

Vocarimex led the markets in vegetable oil sector in Vietnam. The corporate created more than 50 lines of cooking oil products within more than 90 percent materials in the company being imported (most of the materials are palm oil and soyoil).

Vocarimex now produces more than 81% of distillation oil, masters more than 85 percent vegetable oil markets in the country.

The second is Nabati Tuong An. This company was established in 1977 and now masters about 20 percent cooking oil trade in Vietnam. Nabati Tuong An is  the advance company to process and sell vegetable oils and fats.

In 2016, KIDO Group accomplished to acquire 65 percent shares of Tuong An. Ever since, Tuong An separated its components to be two categories, such as, 100 percent materials should be imported (palm oil, palm oil stearin, soyoil, and crude oil); and materials that locally produced (bean oil and coconut oil). (T2)

Source: Majalah InfoSAWIT  June 2024