Related core topics: business news, cocoa and chocolate, ingredients, processing, regulations, sustainability
Related topics: business continuity, chocolate, cocoa processing, company restructuring, confectionery, the Netherlands, refinancing
Neill Barston reported that Royal Duyvis Wiener, a cocoa and chocolate processing company based in the Netherlands, has confirmed that it has reached an agreement on business refinancing to ensure its future stability in the face of severe market conditions.
As the company explained, the amount of this new agreement is not disclosed, including a restructuring plan undertaken by the bank and shareholders under the leadership of CEO Theo Pouw and CFO Mark van den Burg. To emphasize their participation and confidence in the future, board members have become shareholders of the company.
The business unit admitted that a series of large-scale projects led to a reduction in the company’s creditworthiness, which was called a “tough period” for its wealth because of greater uncertainty in market transactions, including this year’s pandemic.
The company was founded in 1885 and is located in Koog aan de Zaan. It has grown into a world-renowned company among the market leaders in this field, with business units in the Netherlands, Germany, Indonesia and Brazil to provide services to a global customer base. Confectionery has had the opportunity to visit its processing headquarters in the past, and in recent years, as it continues to focus its international focus on food processing, the headquarters has made significant investments.
As the company pointed out, the company has been working hard to restore its solvency and achieve profitable and profitable operations, and the business is also expected to be profitable in 2020. Due to the financial recovery, the company’s housing bank has agreed to accept subprime loans. In addition, due to changes in the shareholder structure, new funds are also flowing into the company. It is expected that these funds will be used for the company’s future investments.
The company has a long-term vision for the global environment and is responsible for the global environment, and stated that its R&D team has been seeking to develop processing equipment with the least energy consumption, while providing the greatest durability and the best quality.
“Redistributing Royal Duyvis Wiener solvent is a difficult task because the company has suffered a loss. With the efforts of all employees, the company has overcome a long history. It is amazing that this outstanding company has withstood this test. .” CEO Theo Pouw said.
“The restructuring has ensured the employment of many of our professionals. In addition, we can now build a solid financial foundation. I am particularly proud that we have eliminated losses in a relatively short period of time without any mandatory layoffs. This fully illustrates this. The company’s financial flexibility.” Chief Financial Officer Mark van den Burg added.
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