| Project Detail |
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 Groups 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. |
