Psaltry International Company Limited is the leading agro-allied cassava processing company in Africa. We are the first cassava processing company in Africa to produce cassava-based sorbitol and the second in the world.
The company was established in 2005 to enhance the cassava value chain by defining a new approach to cassava processing. That enables a consistent supply of high-quality industrial cassava derivatives, including high-quality cassava flour (HCCF), high quality food-grade cassava starch, and sorbitol to our clients in the pharmaceutical, personal care , food and beverages sectors.
To deliver cassava and starch derivatives to the world consistently, considerably and conscietously.
To be the most preferred cassava processor in the world, transforming smallholder farmers into commercial farmers.
Psaltry International Company Limited is committed to Production, Packaging, Sales and distribution of Edible Cassava Flour, Starch and Sorbitol that meets local, statutory, regulatory and consumer food safety requirements using the most appropriate food grade production facilities under hygienic environment with competent employees and maintaining effective communication with stakeholders on food safety issues.
This food safety policy is supported by measurable objectives that are implemented, maintained and continually reviewed at every management review meeting for suitability, effectiveness and continual improvement.
Psaltry International Company Limited was founded in 2005 to process cassava into foods and industrial products, including food-grade cassava starch, high-quality cassava flour, and sorbitol.
Our founder and CEO, Oluyemisi Iranloye, was inspired to start this company to raise the living standards of smallholder farmers and eradicate the pain of farmers who had to travel many kilometres to deliver their produce. That is not to mention the high probability that good amount of their farm produce will fail to meet the quality standards. Due to the short shelf life of cassava crop, most of the cassava tubers, if not all, would have spoilt before reaching the final destination.
Asides from the farmers’ agony, it is also leads to waste of resources, which leaves a significant carbon footprint. To combat this challenge, our founder, Oluyemisi Iranloye, positioned the company in proximity to the farmers, in a remote village (Alayide village) at Oyo state, and built an inclusive business model in which smallholder farmers are a part of the company’s operations. That was an unprecedented initiative towards achieving environmental and economic sustainability in the cassava value chain.
With this ingenuity, it was easier to implement a robust cassava out-growers scheme, which improves the quality of the farmers’ cassava plant, yield, and ultimately the livelihood of the farmers. We established the first group of Psaltry out-grower cassava farmers in 2012, and it has grown to more than 3500 farmers.
Since the start of the program, over 12 years ago, our farmers have enjoyed interventions from our international donors, including IFDC, ACAI, IITA, 2SCALE, IDH, WAFM, BATNF, among many others. The benefits include inputs (stems, herbicides, and fertilizers), capacity building, and mechanization services.
Due to the Psaltry out-grower scheme, we have a reliable supply base, supplying high-quality cassava tubers consistently for processing. And that changes the status of the local farmers from peasant farmers to commercial famers forever.
After implementing strong supply chain management, we launched our first production in 2013 with 20 tons per day. The demand increased significantly due to the high quality of our products, necessitating the construction of a second line in 2015, which extended the production capacity to 40 tons per day.
In our ambition to be the most preferred cassava processor in the world, we built the first cassava-based sorbitol factory in Nigeria, Africa, and the second in the world with a production capacity of 25 tons per day. Sorbitol is a vital ingredient in the production of toothpaste and pharmaceutical syrup. This factory will further raise the living standard of our host communities and improve the economy of Oyo state and Nigeria. It will save Nigeria about $10m annually in foreign exchange. We executed this project in partnership with Unilever, FCMB through the Central Bank of Nigeria’s Commercial Agriculture Credit Scheme, and Providus Bank.
At Psaltry International Company Limited, we encourage our community to strive for excellence and break new grounds to excel cassava value chain.
Break new grounds: We pioneered a new and better approach to cassava processing, which will conserve natural resources and transform core rural communities into urban communities. We also constructed the first cassava-based factory in Nigeria, Africa, and the second in the world, which is hundred percent our intellectual property.
Save Nigeria's foreign exchange: We are saving the nation's foreign exchange with our high-quality cassava derivatives, including high-quality cassava flour and cassava starch, and we will conserve even more with our sorbitol production. We are making it convenient for food and beverages, pharmaceutical, and personal care companies to purchase the needed raw materials of better quality at home.
Reduce unemployment: Unemployment is a critical problem that plagues our nation, with a 33% increase in 2021. We are part of the solution to eradicate this plague even with our new cassava-based sorbitol factory.
Raise the households’ quality of living and social welfare: through our intervention, the host communities have been enjoying steady electricity and safe drinking water for more than eight years
Improve living standards: Our business model has raised the living standards of the host communities from below the international poverty line of $1.90 per day to $5-10 per day.
Having implemented and maintained the Food Safety Management System (FSMS) based on ISO 22000, we have the following current installed capacities.