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View all search resultsEconomy in brief: Austindo to export edamame
Publicly listed plantation company PT Austindo Nusantara Jaya, through its subsidiary PT Gading Mas Indonesia Teguh (GMIT), plans to export edamame, or immature soybean, to Asia-Pacific countries to tap into increasing demand for healthier snacks
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ublicly listed plantation company PT Austindo Nusantara Jaya, through its subsidiary PT Gading Mas Indonesia Teguh (GMIT), plans to export edamame, or immature soybean, to Asia-Pacific countries to tap into increasing demand for healthier snacks.
GMIT began constructing a frozen line facility for edamame worth US$6.5 million in Jember, East Java, in October and is expected to start production in 2018. The company is collaborating with Taiwan-based firm Asia Foods Group to help with production technology and global distribution.
The plant is expected to produce three tons of frozen edamame per hour. It will begin exporting to Japan in 2019 before moving to other countries such as Australia. The company aims to export 1,600 tons of frozen edamame in 2019 and 6,000 tons in 2022.
“Edamame is in line with Austindo’s focus in the agribusiness sector,” Austindo finance director Lucas Kurniawan said recently.
Various studies have found that the bean helps lower the risk of coronary heart disease, a number of cancers and also fights symptoms of menopause and osteoporosis. It is often used as a meat substitute in weight-loss programs.
