Feronia Inc
Democratic Republic of CongoCentral AfricaFood and agriculture
Feronia Inc is an agricultural production and processing business in the Democratic Republic of Congo (DRC). At its heart lies a long-established palm oil business, Plantations et Huileries du Congo S.A (PHC), which has three remote plantations: Lokutu, Yaligimba and Boteka.
Set up by Lever Brothers in 1911 and once one of the most important businesses in the DRC, the business suffered decades of under-investment due to the civil conflict in the DRC prior to its acquisition by Feronia in 2009. Feronia was established to facilitate the rebuilding of the business from a state of near-collapse.
Following substantial investments, the company now has over 20,000 planted hectares and three functioning mills, making it one of the largest palm oil businesses in Africa.
The produce is entirely consumed within the DRC which is historically a strong consumer and producer of palm oil. It is now a substantial net importer.
