The Indonesian group Djarum operates in banking, tourism, telecommunications and other large-scale markets. Hartono Plantation Indonesia (HPI), its agricultural subsidiary registered in 2008 and international key player in palm oil production, wished to diversify into castor beans. As such, they required the involvment of an independent consultancy firm to assess their project.
Hartono Plantation Indonesia was about to enter negotiations with a major buyer of castor oil. With a Business Plan based on a theoretical model from its seed provider, the client was requiring impartial external advice to confirm or not its production strategy.
With a unique experience of the production and the value chain of the castor beans, FGM identified over-estimated assumptions and was able to propose specific farming recommendations to reach the economic crushing viability.
FGM optimized the site’ mission, by preparing the investigation prior to going on-site.
FGM findings and recommendations were gathered in a detailed report including the following:
The final report was prepared at the FGM HQ and was delivered to the client for further thorough data analysis and investigation.