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CBL Group announces strategic acquisition of Indonesian coconut company
Daily FT
|January 22, 2026
Invests over $ 25 m in PT. Tri Jaya Tangguh Indonesia. Plans underway to expand exports to Europe and US
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CBL Group yesterday announced the strategic acquisition of PT. Tri Jaya Tangguh Indonesia (TJT), a large coconut processing facility, with an investment of over $25 million.
TJT has a workforce of over 800 employees.
The investment was supported by the International Finance Corporation (IFC), a member of the World Bank Group.
The acquisition forms part of CBL Group's broader global expansion strategy, aimed at strengthening its presence in the fast-growing value-added coconut and coconut-based products segment, while building scale and resilience. Indonesia is the world's largest coconut-producing country.
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