Petra Foods establishes Ecuadorian subsidiary

Singapore-based cocoa processor Petra Foods has announced a new wholly-owned subsidiary in Ecuador.

DelfiCocoa Ecuador SA (DCEC SA) will source cocoa beans from Ecuador for processing. Petra supplies cocoa ingredients through its Delfi brand. Its customers include major chocolate manufacturers such as Nestle, Cadbury/Kraft and Meiji.

The company paid US $25,000 from the its internal financial resources to fund the new subsidiary.

Petra has seven cocoa processing facilities located in Malaysia, Indonesia, the Philippines, Thailand, Brazil, Mexico and Germany as well as a cocoa butter factory in France and two chocolate production sites in Indonesia and the Philippines.