COCONUT and virgin oil producers in the Western Division now have a coconut processing plant at their doorsteps.
This follows the setting up of Niu Organic Products (Fiji) (NiuOP) Limited in Drasa, Lautoka.
Business founder Anwa Khan said they spent more than $90,000 to set up the company and that visits to coconut farms on Taveuni, Savusavu and Macuata-i-Wai were made to assess the viability of the venture.
He said the company was established basically for coconut oil products like the cold press coconut virgin oil, body lotion and other relevant products.
"The company's main advocacy is consumer welfare and economic empowerment," he said. "We believe the best protected consumer is one who is economically empowered and well-informed."
"NiuOPL requires funding from investors or funding agencies to carry out a sustainable enterprise for its members and affiliates in the provinces where coconuts abound all year round. This project is designed to produce high quality, cold-pressed virgin coconut oil that meets current demand and, eventually, the growing demand in foreign markets.
"The required budget is one of $120,000 for the initial six-month operation. This project is expected to become self-funding after a successful first six months."
Mr Khan said they had secured an export market.
"We already have our market in place for 16,000 litres per month to Ukraine and Russia."