FTN COCOA PROCESSORS PLC

FTN Cocoa Processors Plc, originally established as Fantastic Traders Nigeria Limited in 1991, began its journey in the agricultural sector by engaging in third-party cocoa processing arrangements in 1995. The company steadily expanded its processing activities across various locations in Nigeria, building strong relationships with both local and international buyers. A significant step in its evolution occurred in March 2001, when it diversified its operations into palm kernel processing, establishing a crushing facility in Ibadan. This expansion laid the groundwork for the company's forward integration strategy, which later included the commissioning of a vegetable oil refinery. In 2005, FTN Cocoa Processors Plc committed to full-scale self-production, culminating in the commissioning of its own integrated cocoa processing factory in November 2007, followed by capacity enhancements in both cocoa and vegetable oil processing. Today, FTN Cocoa Processors Plc stands as a key player in the processing of agricultural commodities, primarily focusing on cocoa beans and palm kernel. Its core products derived from cocoa include cocoa butter, cocoa cake, cocoa liquor, and cocoa powder, which serve a diverse clientele. From palm kernel, the company produces crude palm kernel oil and palm kernel cake, further enhancing its offerings with refined vegetable oil for human consumption and industrial applications. The company serves both domestic and international markets; cocoa products are sold to overseas buyers in countries such as the Netherlands, Germany, France, Poland, and Spain, while locally, products like cocoa powder, palm kernel oil, and palm kernel cake are supplied to industrial users, including edible oil refineries, soap manufacturers, and prominent food companies like Nestle Nigeria Plc and Promasidor Nigeria Limited. Its main processing facilities are located in Ibadan, Oyo State, Nigeria.