Singapore-based agribusiness group Olam International is to build a cocoa processing facility in Cote d’Ivoire.
Olam said today (17 August) that it would build a greenfield cocoa processing in Abidjan, the country’s capital. The US$43.5m investment also includes a primary processing and warehousing facility in San Pedro.
Go deeper with GlobalData
The cocoa plant will process around 60,000 metric tonnes of cocoa beans into cocoa liquor, butter and cake.
The San Pedro site will be a drying, cleaning and sorting site – or “usine” as defined by the cocoa industry, Olam said.
Gerry Manley, managing director and global head of cocoa at Olam, said the investment in Cote d’Ivoire, the world’s largest producer of cocoa, would improve the company’s margins and make it more competitive in the sector.
“Cote d’Ivoire is a key location for setting up our first, large greenfield cocoa processing plant as the country’s cocoa products are an important ingredient to our customers’ chocolate recipes,” Manley said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“This investment provides synergies with our bean business as it leverages our strengths in sourcing traceable and certifiable cocoa beans directly from growers in various producing regions and in supplying to discerning customers who are looking to outsource their cocoa ingredients to reliable, independent suppliers.”
