Nv Siat sa was incorporated under Belgian Law in the year 1991 and has a share capital of €31,000,000, fully subscribed and paid-up.
Siat stands for “Société d’Investissement pour l’Agriculture Tropicale”.
The object of the company is to invest and manage agro-industrial ventures in the tropics.
As such the company’s main activities are fourfold:
Siat is active in Belgium, Nigeria, Ghana, Gabon, Côte d'Ivoire and Cambodia. Siat's head office is located in Brussels.
The Company has acquired a stake of 38% (in February 2013) in the share capital of Deroose Plants and thus expands its operational activities to the USA and China. The rational of this investment for Siat is to support the Research & Development programme for rubber clones of Deroose Plants.
In Nigeria, Siat holds 60% of the share capital of Presco Plc, a company listed on the Lagos Stock Exchange. Presco is a fully integrated oil palm venture of 17,000 ha of industrial oil palm plantation, an oil mill, a palm kernel crushing plant and a refinery/fractionation plant.
In addition, Siat also holds 100% of Siat Nigeria Ltd (SNL). SNL acquired from the Rivers State Government the assets of Risonpalm, which comprise 16,000 hectares of old oil palm plantations, plus the entire social and industrial infrastructure of such an industrial oil palm complex. The plantations are due for replanting over the next 10 years.
In Ghana, Siat holds 100% of the share capital of GOPDC. GOPDC cultivates approximately 7,800 hectares of industrial oil palm plantation out of a concession of 14,000 hectares, and provides financial and technical support to 7,000 farmers, who cultivate a total of 13,700 hectares of oil palm. GOPDC runs a refinery/fractionation plant with a capacity of 100 tonnes per day. GOPDC has an aggregate storage capacity of 16,000 tonnes both at Kwae, which is located near Kade in the Eastern Region of Ghana, and Tema.
In Gabon, Siat holds 99% of Siat Gabon. Siat Gabon runs 12,000 ha of rubber plantations, and a cattle ranch of 100,000 ha with a herd of 5,000 cows.
In Côte d’Ivoire, Siat holds 100% of Compagnie Hévéicole de Cavally (CHC). CHC runs a rubber plantation of 5,400 ha of out of a total concession of 7,700 ha. The company also operates an outgrowers scheme with about 1,200 registered farmers cultivating a total of 13,500 ha of rubber. A rubber processing factory is installed and functional within the premises of the plantation with a capacity of 3,500 t/m of crumb rubber. The estate is located in the well-established rubber growing zone near the Ivorian border with Liberia. The estate is located 27 km from Zagné in the prefecture of Guiglo in the region of Moyen Cavally.
Compagnie Hévéicole de Prikro (CHP) is a new greenfield concession in Prikro, in Ivory Coast, where Siat intends to develop 5,000 hectares of industrial rubber plantations, 8,000 hectares of outgrower plantations, and a processing factory, representing an investment of 50 million Euro over the next decade. The site was previously a sugar plantation, but was abandoned in 1984.
The inauguration took place on September 14, 2013 in the presence of the Minister of Agriculture of Ivory Coast, Mr. Coulibaly Mamadou Sangafowa. Besides planting rubber, the project also entails a rice planting program for the benefit of the local population.
In Belgium, Siat nv has an equity participation of 81% in Deroose Plants. Deroose Plants is a well-established Belgian company in horticulture. From branches in Belgium, the United States and China, Deroose Plants breeds and grows a complete line of indoor plants.
In Cambodia, Siat holds 100% of Siat Cambodia which shall run the operations of joint venture companies in Cambodia directly controlled by Siat nv.
On the basis of management agreements, Siat seconds to her subsidiaries experts for the general management of the companies and highly skilled consultants for specific tasks. In total, the Siat Group employs in excess of 12,000 people of all grades, levels and professions.
Siat maintains close contacts with world class universities and research institutes in order to have access to the latest technological developments.
The Siat head office is located in Zaventem, to the east of Brussels (about 5 minutes from the airport).
When Siat became involved in Presco in 1991, the Company had only the Obaretin Estate with an oil palm plantation size of 3,000 ha. Under Siat’s management, a new expansion programme commenced from 1993 onwards, as a result of which a total of 17,000 ha are planted at the Obaretin, Cowan and Ologbo Estates.
GOPDC consists of:
• 21,500 ha of oil palm plantations
• a 60 MT/h fresh fruit bunch palm oil mill;
• a 60 MT/day palm kernel mill;
• a 2 MT/h palm kernel cake pellet plant;
• a 100 MT/day refinery and fractionation plant;
• a jerrycan and filling plant where the company's "King's" brand of vegetable oil is packaged;
• two tank farms with a combined storage capacity of 16,000 tonnes of finished products;
• a 30 MT/h boiler with 2.5 MW turbine; and
• a water treatment plant.
As a result of a privatisation exercise implemented by the Government of Gabon in 2003, Siat acquired Agrogabon, Hévégab and the Ranch of Nyanga.
On the 5th of April, 2004, the take-over convention for the above mentioned enterprises was signed. Siat Gabon was created in order to accommodate the assets of these SOE’s.
In August 2007, Siat acquired 100% ownership of Compagnie Hévéicole de Cavally (CHC) from CDC London, who in turn acquired the company from the Government of Ivory Coast in the early eighties.
The estate is located in the well-established rubber growing zone near the Ivorian border with Liberia. The estate is located 27 km from Zagné, in the prefecture of Guiglo in the region of Moyen Cavally.
CHP is a new greenfield concession in Prikro, in Ivory Coast, where Siat intends to develop 5.000 hectares of industrial rubber plantations and 8.000 of outgrower plantations, and a processing factory, representing an investment of 50 million Euro over the next decade.
Siat Nigeria Ltd (SNL) is a wholly owned subsidiary of Siat nv.
At the end of 2011, SNL acquired from the Rivers State Government the assets of Risonpalm, which comprise 16,000 hectares of old oil palm plantations, plus the entire social and industrial infrastructure of such an industrial oil palm complex.
In Cambodia, Siat nv has created an investment platform to prospect and manage future joint venture companies.