The plant is being built at the Jurong Industrial Estate and the first processing line will have a capacity of 20,160 tons of cocoa butter and cocoa powder.
The beans will be processed into semi processed cocoa butter, cocoa powder and cocoa cake for export to international markets including Europe, the US and Asia.
"The establishment of the Singapore plant will enable the group to produce specific semi-finished cocoa products which are essential ingredients used in chocolate manufacturing."This will allow the group to establish itself as one of the leading players in the Indonesian cocoa industry" said Mr Judianto.
As a first venture into manufacturing semi-finished products completion of the Singapore plant will both increase competition and supply in cocoa bean production and challenge traditionally strong producers Ivory Coast and Ghana.
"The rationale behind our decision to establish the Singapore plant includes proximity of access to cocoa bean sources; world class connectivity, infrastructure and proximity to port; high food safety standards; good market access; access to research expertise and knowledge pools," said Rudi Zulifan CEO of Pan Sino.
Pan Sino is the latest in a line of multinationals attracted to Singapore for these reasons. Barry Callebaut the worlds leading manufacturer of cocoa and chocolate products has recently expanded its operations in Singapore with a white chocolate line, as have sweetener firm Tate and Lyle with a global sucralose manufacturing plant.
The establishment of the Singapore plant represents Pan Sino Internationals first major investment outside of Indonesia.