Addressing palm oil demand through a new plant in New Orleans, United States
First written in FY2018. 6 of 13 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「At a meeting of the Board of Directors held on 10 April 2023, the company resolved that its consolidated subsidiary, Fuji Oil New Orleans, LLC, would transfer fixed assets, entered into a transfer agreement on the same date, and completed the transfer on 14 April 2023.」
The company is confirming its policy for the North American plant-based oils and fats site of completing the transfer of fixed assets, reducing fixed costs and shifting the portfolio toward high-value-added products. - FY2024-Q2RestatedAnnual report
「Operating income increased, mainly due to improved profitability resulting from stable raw material prices in Japan, the Americas and Europe, and lower fixed costs following the transfer of fixed assets by Fuji Oil New Orleans, LLC, despite the reaction to strong sales in Southeast Asia in the previous fiscal year.」
The company is reaffirming that the transfer of fixed assets at the New Orleans site became a factor in higher operating income for the plant-based oils and fats business through lower fixed costs. - FY2024-Q1ReframedAnnual report
「At a meeting of the Board of Directors held on 10 April 2023, the company resolved that its consolidated subsidiary, Fuji Oil New Orleans, LLC, would transfer fixed assets, entered into a transfer agreement on the same date, and completed the transfer on 14 April 2023.」
At the New Orleans site developed to address demand for oils and fats in North America, machinery, equipment and other fixed assets were transferred on 14 April 2023. The asset-holding and portfolio policy for the North American oils and fats business has been reorganized to emphasize shifting toward high-value-added products and improving the financial position. - FY2023-Q3RestatedAnnual report
「Revenue increased significantly due to higher selling prices reflecting increases in the prices of raw materials such as palm oil, as well as the operation of the new plant in North America and the weaker yen. Operating income declined despite solid sales in Southeast Asia, due to higher fixed costs, including depreciation, associated with the start-up of the new plant in North America.」
The company is reaffirming that operation of the new plant in North America contributed to higher revenue in the plant-based oils and fats business, while higher fixed costs, including depreciation, were a factor in the decline in operating income. - FY2023-Q2RestatedAnnual report
「Revenue increased significantly due to higher selling prices reflecting increases in the prices of raw materials such as palm oil, as well as the operation of the new plant in North America and the weaker yen. Operating income declined despite solid sales in Southeast Asia, due to higher fixed costs, including depreciation, associated with the start-up of the new plant in North America, together with lower profitability caused by higher raw material prices.」
The new plant in North America continues to operate and contribute to higher revenue in the plant-based oils and fats business. Meanwhile, higher fixed costs, including depreciation, associated with the start-up were a factor in the decline in operating income. - FY2023-Q1RestatedAnnual report
「Operating income declined despite solid sales in Southeast Asia, due to higher fixed costs, including depreciation, associated with the start-up of the new plant in North America.」
The company is reaffirming that continued operation of the new plant in North America and the resulting increase in fixed costs are performance factors for the plant-based oils and fats business. - FY2023-Q1RestatedAnnual report
「Revenue increased significantly due to higher selling prices reflecting increases in the prices of raw materials such as palm oil, the principal raw material, as well as the operation of the new plant in North America.」
The company is reaffirming that the operation of the new plant in North America contributed to higher revenue in the plant-based oils and fats business, while higher fixed costs reduced operating income. - FY2022AchievedAnnual report
「Regarding growth investments, the start-up of the new plant for the plant-based oils and fats business in the United States and」
The new plant for the US plant-based oils and fats business has reached the operational stage from the construction and investment stage. - FY2022-Q3AdvancedAnnual report
「Operating income increased despite lower profitability caused by soaring raw material prices and higher expenses, including depreciation, associated with the start-up of the new plant in North America, due to a recovery in sales volumes as economic activity resumed and increased sales volumes of chocolate fats and other products in Southeast Asia and Europe.」
The plant-based oils and fats business, which had been developing new sites including the New Orleans plant in the United States, progressed to the start-up stage for the new plant in North America. The company also reported higher expenses, including depreciation, associated with the start-up. - FY2021-Q1AdvancedAnnual report
「Cash flow from investing activities amounted to an outflow of ¥4,826 million, mainly due to capital investments in the construction of new sites for the plant-based oils and fats business in the United States and the functional ingredients business serving the European and US markets in Germany, as well as investments in a core system to enhance global management, a measure under the medium-term management plan.」
The construction of a new site for the plant-based oils and fats business in the United States has progressed from a demand-response plan to the stage of actual capital investment during the current quarter. - FY2020AdvancedAnnual report
「The main capital investments in this business during the consolidated fiscal year were the construction of a new plant by FUJI OIL NEW ORLEANS, LLC, an overseas subsidiary, and the renewal of oils and fats production facilities at FUJI OIL CO.,LTD., a domestic subsidiary, among others.」
The new New Orleans plant has progressed from a demand-response plan to the stage of active construction as a capital investment. - FY2019AdvancedAnnual report
「The main capital investments in this division are the construction of a new plant by FUJI OIL NEW ORLEANS, LLC, an overseas subsidiary, and the renewal of oils and fats production facilities at FUJI OIL CO.,LTD., a domestic subsidiary, among others.」
Construction of the new plant in New Orleans, United States, is progressing as an actual capital investment. Capital investment in the oils and fats division was ¥4,454 million. - FY2018First statedAnnual report
「To address rising demand for palm oil in the United States, we are proceeding with the establishment of FUJI OIL NEW ORLEANS, LLC and the decision to construct a plant, among other initiatives.」
As a response to rising US demand for palm oil, the company has identified the establishment of FUJI OIL NEW ORLEANS, LLC and plant construction as specific new initiatives.