How much did Annan-Forson get paid to make coconut oil?
Impressed with the quality of the oil, he asked Annan-Forson if he could manufacture six tonnes and send it to Israel. The entrepreneur, who had only made coconut oil on a small scale, accepted the order and set about figuring out how to ramp up production. He was paid USD 35,000 upfront by the Israeli businessman to fast-track the process.
What is the process of refining coconut oil?
Coconut Oil Refining is a process that can be easily carried out on our small scale refinery plants. It is the process of extracting and purifying coconut oil from coconuts. Companies engaged in the production of coconut products can benefit much from our coconut oil refining machinery. Coconut oil is a vastly growing item in tropical climates and majority of the coastal countries consume it as their staple diet in their food.
What is a coconut business model?
The business model is to sell coconut products, like oil and water, in bulk to companies that process the raw material and create a branded product for consumers. Annan-Forson says the company has managed to outcompete rivals in Thailand, Sri Lanka and Indonesia ¨C big coconut producing countries.
How much did a coconut oil entrepreneur get paid?
The entrepreneur, who had only made coconut oil on a small scale, accepted the order and set about figuring out how to ramp up production. He was paid USD 35,000 upfront by the Israeli businessman to fast-track the process. ¡°The man sent me the whole amount without even knowing if I was authentic or not.