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German state underwrites Japanese production venture

October 23, 2019


Abstract : Germany's eastern state of Brandenburg is promoting the establishment of an international company in the Lausitz region south of Berlin.

Germany's eastern state of Brandenburg is promoting the establishment of an international company in the Lausitz region south of Berlin. The state has pledged 1.35 million euros (1.5 million dollars) to help support the construction of a food supplement production plant by the Japanese concern Fuji Oil.

Brandenburg Economics Minister Joerg Steinbach handed over the investment subsidy on Wednesday to Naohiro Rokukawa, managing director of the newly-founded Fuji Brandenburg GmbH (limited-liability company) in the town of Golssen, 60 kilometres south of Berlin. The new company aims to invest 15 million euros and create as many as 21 new jobs.

Steinbach said that with the venture Fuji Oil is expanding on the value-added chain in the food industry, and this would offer the Lausitz region new perspectives beyond coal.

Fuji Oil is a company with worldwide operations and more than 5,000 employees. Alongside vegetable oils and fats it also produces chocolates and nutritional supplements.

Meanwhile a further company, the Spanish environmental technology firm Tradebe, is setting up in the Lausitz region, with a facility located on the grounds of the German chemical company BASF in Schwarzheide, some 150 kilometres south of Berlin. The Economics Ministry said Tradebe is to invest some 10 million euros in the site, creating 17 jobs initially.

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