- CEO
- How Keong Tey
- Full Time Employees
- 763
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- Singapore Singapore
- IPO Date
- Jul 13, 2012
- Business
- JB Foods Limited is an investment holding company that, through its operating subsidiaries, produces, markets, and distributes cocoa ingredient products to food and beverage manufacturers, confectionery producers, and international commodities trading houses worldwide. The company commercializes its product portfolio under the proprietary brand name JB COCOA, offering a broad spectrum of standardized and customized cocoa ingredients, including cocoa mass and cocoa liquor developed with tailored roast and flavor profiles from diverse bean origins; natural, deodorized, and pure pressed cocoa butter utilized in chocolate, food, cosmetic, and pharmaceutical manufacturing; cocoa cake; and a diverse selection of cocoa powders comprising natural, light alkalized, medium alkalized, dark red alkalized, dark brown alkalized, and black cocoa powders with customizable pH levels, color intensities, fat percentages, and particle fineness. Tracing its operational origins back to the 1980s as a wet cocoa bean processor and incorporated in its current holding structure in 2012, JB Foods Limited is headquartered in Singapore and operates primary processing facilities in the Port of Tanjung Pelepas in Johor, Malaysia, and Gresik, Indonesia, serving client networks across more than 65 countries in the Asia-Pacific, North America, Europe, South America, and Africa. In recent strategic developments, the group expanded its upstream processing footprint into West Africa through the construction of a state-of-the-art cocoa processing facility situated in the PK24 industrial zone in Abidjan, Côte d'Ivoire, supported by an initial investment of approximately EUR 60 million to process raw cocoa beans at origin; additionally, the company completed a renounceable rights issue raising approximately S$19.4 million in net proceeds to optimize working capital flexibility, strengthen its financial structure, and fund continued global supply chain and manufacturing capacity initiatives.