Wednesday Oct 30, 2024
FT
Wednesday Oct 30, 2024
Wednesday, 30 October 2024 00:04 - - {{hitsCtrl.values.hits}}
Signing of the MoU between NICO COCO and ISF, witnessed by the Indonesian Ambassador to Sri Lanka Dewi Gustina Tobing
ISF, a leading end-to-end engineering solution provider for the coconut and dairy processing industries in Sri Lanka, has signed a Memorandum of Understanding (MOU) with PT. Natural Indococonut Organik (NICO COCO), Indonesia’s leading coconut products manufacturer.
The agreement, signed on 7 October at the INASCA (Indonesia South and Central Asia) Business Forum in Jakarta, Indonesia, is set to drive significant advancements in coconut processing technology in the region. Through this partnership, ISF will design state-of-the-art coconut processing plants for NICO COCO, bringing its decades of expertise to the forefront for the Indonesian market.
A Sri Lankan company that has also established itself as a prominent player in India, ISF has nearly five decades of industry experience. Known for its expertise in designing and manufacturing processing equipment, ISF provides innovative end-to-end solutions tailored to the needs of the coconut and dairy processing companies. The company’s commitment to reducing manufacturing costs by improving productivity and introducing automation and energy-efficient solutions in all its processes has made it a leader in its field. ISF’s automated process solutions, which incorporate artificial intelligence (AI), deliver real-time management information and cost-saving measures that are in line with the latest technological developments.
The company’s collaboration with NICO COCO marks a pivotal step in ISF’s strategic vision to expand into Southeast Asia. By leveraging its technical capabilities and innovative solutions, the company will play a key role in enhancing NICO COCO’s production capacity and operational efficiency. This partnership is expected to reshape the coconut processing industry in Indonesia, paving the way for ISF Industries to solidify its presence in the region and capture new markets.
Discussing the significance of the partnership, ISF Director Anjula Sivakumaran explained, “We are excited to partner with NICO COCO, one of the prominent brands in the coconut processing industry in Indonesia, and we are committed to providing them with state-of-the-art automated designs incorporating the latest technology. This initiative will pave the way for ISF to become a leading solutions provider for the coconut processing industry in Indonesia and the Southeast Asian market.”
NICO COCO, part of a major Indonesian conglomerate, views ISF Industries as a strategic partner in its efforts to modernise and expand its operations. NICO COCO Chief Operating Officer Susanto Kusnadi said, “We have identified ISF as a leading ‘end-to-end’ solutions provider for the coconut processing industry, and their innovative approach and experience will be vital to our project’s success. We look forward to continuing our collaboration.”
This landmark partnership between the two companies represents a major milestone for Indonesia’s coconut industry. Through this collaboration, both companies are set to strengthen their shared commitment to mutual benefit.
