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Jakarta, Indonesia, May 23, 2014
—IFC, a member of the World Bank Group, will lend $30 million to PT. Mayora Indah Tbk, a leading Indonesian producer of confectionaries, coffee and health food, to support the expansion of its production facilities and job creation.
The loan facility is IFC’s first financing for Mayora, which offers quality products affordable to the mass market in Indonesia. The company’s expansion is expected to provide more jobs at the supply, manufacturing, distribution and retail levels, benefit consumers, and further strengthen high food-quality standards that will set the bar for the industry in Indonesia.
“Our expanded production capacity, supported by IFC’s financing, will strengthen Mayora’s position as one of the top fast-moving consumer goods companies in Indonesia,” said Wardhana Atmadja, Board Director and Operational Director of Mayora. “With IFC as our partner, we look forward to further growing our business in years to come, both in Indonesia and in other countries throughout the world.”
Indonesia has emerged as a vibrant economy with a fast-growing private sector, but food safety, particularly among foods sold at prices affordable to the lower- and middle-income population, remains an issue.
“IFC’s financing to Mayora will help improve food safety in Indonesia and expand access to quality food products to millions of consumers,” said Vipul Prakash, IFC Director of Manufacturing, Agribusiness and Services for Asia Pacific. “Mayora’s expanding footprint will increase employment opportunities in Indonesia, and the group’s commitment to product quality is expected to provide a high benchmark for other food producers. We look forward to a long and growing relationship with the group.”
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in more than 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and promote shared prosperity. In FY13, our investments climbed to an all-time high of nearly $25 billion, leveraging the power of the private sector to create jobs and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
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About Mayora
Founded in 1977, Mayora Group has been progressively transformed from a humble home biscuit industry into one of Indonesia’s biggest, fast-moving consumer goods companies. Mayora is a leading producer of biscuits, candies, wafers, chocolates, coffee, and health food in Indonesia. Mayora produces mass-market-quality products with well-known brands such as Kopiko, Danisa, Astor, Energen, Torabika, and many more.
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