The carefree part of your product

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1 The carefree part of your product 1

2 Our goal is to make sure you can continuously produce your own products according to your own specifications. We source, process and deliver semi-finished single spices and dehydrated ingredients in a cost efficient, consistent and trustworthy way. 2 3

3 Innovating to be decisive Performance by sharing For a sustainable Responsibility partnership Responsibility Innovating to be decisive For a sustainable partnership Performance by sharing We feel responsible for our customers products. We constantly initiate and innovate in order to be We invest in people and in relationships in order to We share our knowledge and experience to optimise That s why we constantly aim for safety and decisive in our market. be partners. our and our customers performance. optimisation. Our customers can rely on us. 4 5

4 A history A history Our history relates back to the latter part of the 19th century when the first spice contract was written. Ever since, the company has been an active participant and trend leader. We are proud to be at the forefront of developments in our business such as setting the trend for processing in origin countries and cultivating sustainable spices. Today Nedspice Group companies serve over 250 customers worldwide in supplying a full range of processed spices and dehydrated ingredients. We have a well-developed system of procurement and processing at source. Besides that we have the ability to ship and deliver mixed containers on a justin-time basis and are experienced in the handling of logistics, warehousing and distribution. Nedspice employees and shareholders will continue to contribute to this development with long term commitment by looking for improvements and innovations in processing methods, logistics and distribution. 6 7

5 Organisation Office building Rotterdam Nedspice Group is a management owned group of companies headquartered in Rotterdam, the Netherlands. Participation of Management and Core Employees in the wellbeing and future of the company stands at the core of our business philosophy and company culture. Nedspice is organised along two main lines of businesses: Sales and Distribution and Ingredients processing. Turnover during 2014 was in excess of $100 million of which 55% was realized in Europe, 20% in Northern America, 5% in South Africa and 20% in the Asia/Pacific region. Globally Nedspice employs 400 employees. Nedspice Sourcing BV Nedspice Sourcing BV is the commercial centre of the operations of Nedspice. Its involvement in spices finds its origin in the trade with Indonesia during the second half of the 19th century. The company is well introduced and enjoys an excellent relationship with all spice industries in consuming markets of Europe, North America, Africa and the Far East. Nedspice Sourcing BV employs a staff of 16 dedicated employees in the areas of commerce, traffic and accounting. The company handles some 16,000 tons of spice ingredients per annum which makes it one of the large marketers of added value spices in the world. The products sold are purchased from other Nedspice Group owned companies in India and Vietnam or from approved 3rd party suppliers. The company has distribution facilities in the Netherlands and the United Kingdom. Nedspice US Nedspice has been doing business in the USA since many decades already. Supplying spices to a wide range of customers serviced from the office of Nedspice Sourcing BV in the Netherlands. Now these sales activities are brought together under the name of Nedspice US. Nedspice US keeps office in South Carolina and works with designated distribution warehouses in New Jersey, Wisconsin and California. A full range of spices, dehydrated ingredients and specialty products are offered in full container loads or pallet sized. Sourcing is done from Nedspice s company owned facilities or from 3rd party suppliers who have successfully passed Nedspice s QC/QA and traceability standard. Currently Nedspice US distributes close to 2000 tons of spices into the US market. 8 9

6 Nedspice Holding BV Sales & distribution Ingredients processing Nedspice Sourcing BV Nedspice US Nedspice Dehydrated Ingredients BV Nedspice Processing Vietnam Ltd Nedspice Processing India Pvt Ltd Rotterdam Myrtle Beach Rotterdam Binh Duong province Cochin The Netherlands USA The Netherlands Vietnam India Nedspice Dehydrated Ingredients BV Nedspice Processing Vietnam Ltd Nedspice Processing Vietnam Ltd is sourcing In 2012 a major upgrade of building and equipment Nedspice s activity in dehydrated vegetables and Nedspice Processing Vietnam Ltd was established raw material spices from countries like Vietnam, infrastructure took place. A fully integrated herbs started in the acquisition of Dika BV, a 3rd in 1997 as the first grading and cleaning operation Indonesia, China, India, Madagascar, Nigeria, processing line with Bühler cleaning equipment, generation family business that was established for pepper in Vietnam. At that time Nedspice did Seychelles, Mexico, Brazil, etc. Ventilex steam steriliser and a milling and packing in 1937 and is located in Schoonhoven, The foresee that Vietnam would rapidly become a major system was installed. Total processing capacity is Netherlands. After acquisition the premises, producing country of pepper. Quality some 4,000 tons per annum. The company has warehousing capabilities and processing facilities To assure quality Nedspice Processing Vietnam about 68 dedicated employees. Raw materials are were upgraded. During 2014 the company s Building on its success and request from customers Ltd is ISO22000 and BRC certified (Grade A) and sourced mostly from within India and comprises name was changed into Nedspice Dehydrated for more high quality pepper with guarantees for HACCP procedures have been implemented. products like black pepper, turmeric, ginger, Ingredients BV. microbiological cleanliness Nedspice was the first Besides this the company complies also with Halal, nutmegs, chillies, cumin, coriander, fennel, company in Vietnam that build a new factory with an Kosher and Sedex requirements. fenugreek, dill, kalonji, dehydrated green pepper, The company s main line of business is in the integrated sterilisation facility that would be able to cinnamon, etc. sourcing and processing of a full range of match the requirements of the customers. This new Nedspice Processing India Pvt Ltd dehydrated vegetables and herbs. Sourcing takes factory was commissioned in March Nedspice Processing India Pvt Ltd was established Quality place from reliable suppliers in origins like China, During 2003 it was decided to expand the operation in 1991 as a cleaning and grading operation for To assure quality Nedspice Processing India is BRC India, Egypt, Turkey, Eastern Europe, etc., which are by adding a grinding line capable of grinding pepper in India. The company is located in Cochin and ISO22000 certified and HACCP procedures regularly audited by Nedspice s audit teams from various spices originated not only from Vietnam, but (Kerala state), the centre of the pepper trade in have been implemented. Besides this the company our factories in India, Vietnam and the Netherlands; also from other countries. In 2009 expansion plans India. complies also with Halal, Kosher and Sedex supplier audit reports are available upon request. for office, warehousing and processing capacity requirements. Processing activities comprise of cleaning, sorting, grading, blending and milling. were realised. By combining the cleaning, grading, sterilisation and grinding operations Nedspice Products Processing Vietnam Ltd has now become a leading Aniseed Coriander Ginger Parsley A state-of the art stainless steel sorting/sieving line ingredients processor of single spices with an Basil Cumin Kalonji (Nigella) Pink Pepper with integrated metal detection and X-ray sorting installed capacity of some 14,000 tons. Bell Pepper Curry powders Leek Star Anise enables reprocessing products to such an extent The company looks after the well-being of some Black Pepper Dehydrated Green Pepper Mace Tomato that the highest industry requirements can be met. 300 employees. Carrots Dill Marjoram Turmeric Cassia & Cinnamon Fennel Nutmeg White Pepper Chilli Fenugreek Onion Other Cloves Garlic Oregano 10 11

7 Customised Solutions Nedspice Group operates processing factories in India and Vietnam and distribution facilities in the Netherlands, the United Kingdom, the United States of America and South Africa. Its business activities include sterilisation, grinding and distribution of single spices. We handle around 16,000 tons of Customised products per year for an active global customer base of small, medium and large sized food processing companies. Sustainability Nedspice believes that sustainability is one of the Nedspice-Farmers Partnership Programme To ensure that spice farming remains financially Solutions With our customised solutions we are able to offer a wide range of ready-to-use spices. Because our main challenges for the food industry in the years ahead. Pulled by global market developments smallholder farmers increasingly shift to other, more attractive and offers a sustainable livelihood for farmers Nedspice has the ambition to develop backward integration programmes for farmers in supply chain starts at the farm level we are able to valuable sources of income. In addition, many Vietnam and India and other countries where we control the entire flow of product from the farm to young farmers are leaving agriculture and migrate work. This ambition is laid down in the Nedspice- your factory. to urban areas for jobs in non-agricultural sectors. Farmers Partnership Programme which defines the These trends are also felt in the spice sector where approach, key principles as well as the expected many, often aging, smallholder farmers move to results. Current projects include sustainable cumin Processing Packaging 3 rd party warehousing Services Specialty high intensive crops. Not only does this affect the scarcity of spices, it also has negative effects on and turmeric farming in India and sustainable pepper farming in Vietnam, for which we obtained Whole cleaned Steam sterilised Fine ground Coarse ground Cracked 25 KG bags 625 KG bags Carton boxes Palletised Shrink wrapped Rotterdam (NL) Bristol (UK) New York (USA) Chicago (USA) Los Angeles (USA) Just-In-Time delivery Vendor Managed Inventory Call Off contracts Customised weekly price lists Black Pepper special grades White pepper Skatol free Nutmeg guaranteed low aflatoxine the environment high intensive monoculture farm systems cause serious land degradation, pollution and erosion issues and on communities that suffer from health problems due to the high use of chemicals in such systems. certification. The full text of the Nedspice-Farmers Partnership Programme can be downloaded from. Capetown/Durban (SA) In order to maximize their yields small scale spice farmers are increasingly pushed to apply highintensive agricultural practices and chemical fertilizers, herbicides and pesticides in their farming systems. Lack of knowledge regarding sustainable agricultural practices, low quality input supply and lack of improved technologies keeps yields low. Other constraints are water stress, fluctuating farmgate prices and weak supply linkages between farmers and exporters. As a result spice production could harm local communities and at consumer level affect food safety. Since Nedspice sources from farmers these are all issues that affect Nedspice as well. The wellbeing of our suppliers and stability of supply is therefore crucial to us as well as to our customers and end customers. 12 Sustainability

8 Creating Customer Value At Nedspice we believe that customer satisfaction is one of the most important resources. Therefore we are Excellent processing facilities at origin With our advanced processing technology in Quality products Quality is one of our main focuses; our factories are Valuable market information Updates on market developments are keen on creating value for cleaning, sterilisation, milling and packing we can process gentler and more efficient thereby ISO22000 and BRC certified (Grade A), HACCP procedures have been implemented and Halal, released from time to time for most of the products sold. Our database on prices and you on six important levels. turning out fresh and high quality finished goods. Typical products are fine ground ( micron), Kosher and Sedex certifications are in place. Regular audits from customers, certifying agencies production data is available to customers to produce charts for price trend and other analysis. coarse ground ( micron), cracked and in-house QC teams guarantee compliance with ( micron) and half berry available in the highest standards. Drive to serve you a variety of packaging alternatives and mixed Working towards the most cost effective sales container shipments. Supply consistency proposition for our customers is among our primary Raw material purchasing is done most cost objectives. We seek to reduce cost of ownership Distribution network effectively and delivered to specification. Our through optimal sourcing, handling and delivery. With our warehousing facilities in the Netherlands, purchase teams work closely with suppliers; raw the United Kingdom and the United States of materials are checked before entering the factory America we provide on time deliveries and flexibility and supplier performance is reviewed regularly. in call off schedules. We specialise in Vendor Managed Inventory services and consignment stocking. We deliver what we promise to deliver

9 Contact Nedspice Sourcing BV Weena NJ Rotterdam The Netherlands T F spices@nedspice.com Nedspice Dehydrated Ingredients BV Buiten de Veerpoort CC Schoonhoven T F dehydrates@nedspice.com Nedspice US Inc 2411 North Oak St, Suite 105-F Myrtle Beach, SC USA T M toverby@nedspice.com Nedspice Processing Vietnam Ltd Hoa Lan Hamlet, Thuan Giao Commune Thuan An District, Binh Duong Province Socialist Republic of Vietnam T F order@nedspice.com Nedspice Processing India Pvt Ltd #12/597-8 Jawahar Road Koovappadam Cochin India T F orderindia@nedspice.com 16 version 3, March 2015