FTNCOCOA
Address FTN Cocoa Processors PLC Plot 5, Block 77 Basheer Shittu Avenue Magodo, GRA LAGOS
Mobile +234-1-7409651, +234 1 740 4744
Fax
Website https://www.ftncocoa.com.ng/
Email: info@ftncocoa.com.ng
Last Price: 0.2   Change: +0 %
 
Brief Description
FTN Cocoa processors Plc was formerly registered as Fantastic Traders Nigeria Limited, a Limited Liability Company Which was incorporated in 1991. The company commenced cocoa processing business with third party arrangement (Toll Processing) with Stanmark cocoa processing company limited in 1995 for conversion of cocoa beans into cocoa butter and cocoa cake/powder. The company later extended its third party processing activities to Ile-Oluji, Cocoa Cooperative, Cocoa Akure and Cocoa products , Ede Osun State. Within a period of 13 years it had established strong relations with overseas cocoa product buyers such as Theobroma BV Netherlands, Euromar Berlin, Trading and Services France, Union Chocolate , Poland, Delfi Cocoa (Europe) France/ Netherlands, Indcresa Spain, All trade international France Solid relationship was also established with local users such as Nestle Nigeria Plc and Promasidor Nigeria Limited makers of Cowbell Milk and Cocoa products. In March 2001 the company diversified into processing of palm kernel with the establishment of a 20,000 MT per annum crushing facility in Ibadan. The products which are mainly crude palm kernel oil and palm kernel cake are sold locally to industrial users such as edible oil refineries and soap manufacturers. Our major customers in this business are Lina oil mills ltd, sudit oil mills ltd, alkanaah industries ltd all in Ibadan and smooford industries ltd in Iperu Ogun State. This facility is being forward integrated into Palm Kernel Oil Refinery with the acquisition of a 50,000 metric Tons per annum vegetable oil Refinery in Ibadan. Over a period of 16 years FTN cocoa processors plc have processed about 64,000 MT of cocoa beans and 90,000 MT of palm kernel.