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The Vegetable Oil Industries Company (VOIC)

Overview

VOIC
Overview
 

 

 VOIC is traditionally an industrial food production corporation specialized in the production of oil and ghee.

 The production of vegetable ghee started in 1961, under the supervision of the Dutch firm Zweiverwhere the Dutch expertise helped in the modernization of the machinery and the training of local labors and technicians in the Netherlands until all the production was made by local labors following international standards. 

 In the year 1985, the company started refining liquid vegetable oil after developing the factory and purchasing modern and up-to-date machinery, as a result the company was able to fulfill the local market needs and a surplus for export was available.

 VOIC products got the complacency and approval from consumers for their unique aroma and flavor which helped the company in sustaining a good market share for years to come.

 Production

  1. Receiving, weighing, and examining raw oil for its compatibility with set standards and specifications.
  2. Oil discharging and storage.
  3. Refining the oil by removing gums, acidity, color, residue and finally removing odor and smell.
  4. Filling of oils and ghee in containers after examining at the company laboratories for compatibility of the set standards.
  5. Converting of product waste and non standard product for use in soap and animal feed products. 

     

 

 

Trading and Financial Result Currency JD

 

 
Year Total revenues Total expenses Net income (Loss) Dividends Capital Subscribed Capital Market Cap
2007 2,917,080 632,293 295,244 0 4,000,000 4,000,000 11,000,000
2008 3,059,040 1,039,407 929,255 0 4,000,000 4,000,000 7,200,000
2009 3,460,859 554,655 1,364,804 - 4,000,000 4,000,000 9,200,000
 
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