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Indonesia: High-Value Coconut Processing Project

Nonsovereign (Private) Project | 53313-001 Status: Approved

PTSASL was set up in September 2017 in an effort to (i) expand and diversify the Group's coconut sourcing (different geographical/climatic zone) and (ii) benefit from lower cost-base for raw materials and boost the Group competitiveness for its flagship products (virgin coconut oil, desiccated coconut products and coconut water). PTSASL key asset consists of a manufacturing plant located near Luwuk, Sulawesi, which is nearing construction completion. Construction costs of PTSASL processing plant are estimated at $7.0 million and have been fully funded by equity to date.

Project Details

Project Officer
Donges, Carine Sophie Request for information
Country
  • Indonesia
Sector
  • Agriculture, natural resources and rural development
 
Project Name High-Value Coconut Processing Project
Project Number 53313-001
Borrower/Company Giriulla Mills Ltd
PT SASL and Sons Indonesia
S.A. Silva and Sons (Private) Ltd
Silvermill Investment Holdings (Private) Ltd
Silvermill Natural Beverages (Private) Ltd
Country Indonesia
Location Luwuk
Type or Modality of Assistance
Loan Ordinary capital resources USD 5.00 million Approved
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Private sector development
Sector / Subsector

Agriculture, natural resources and rural development / Agro-industry, marketing, and trade

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department
Responsible ADB Division
Responsible ADB Officer Donges, Carine Sophie
Project Sponsor(s)
Description PTSASL was set up in September 2017 in an effort to (i) expand and diversify the Group's coconut sourcing (different geographical/climatic zone) and (ii) benefit from lower cost-base for raw materials and boost the Group competitiveness for its flagship products (virgin coconut oil, desiccated coconut products and coconut water). PTSASL key asset consists of a manufacturing plant located near Luwuk, Sulawesi, which is nearing construction completion. Construction costs of PTSASL processing plant are estimated at $7.0 million and have been fully funded by equity to date.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 18 Oct 2019
Credit Committee Meeting 16 Dec 2019
Approval 20 Dec 2019
Last PDS Update 26 Dec 2019

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Title Document Type Document Date
High-Value Coconut Processing Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Dec 2019
High-Value Coconut Processing Project: FAST Report Faster Approach to Small Nonsovereign Transactions Dec 2019

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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