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, wanted to diversify into castor beans. As such, they required the involvement of an independent consultancy firm to assess their project.
Hartono Plantation Indonesia was about to enter into negotiations with a major buyer of castor oil. With a Business Plan based on a theoretical model from its seed provider, the client required impartial external advice to confirm or not its production strategy.
With unique experience of the production and the value chain of 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. This included:
FGM findings and recommendations were compiled into 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.