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  05/12/2019 | Industry, International

Cargill invests USD 113 million in Ivory Coast and Ghana site expansions

Cargill is investing over USD 113 m to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. According to the company, a USD 100 m investment will increase production capacity at Yopougon by 50%, creating 85 full-time local jobs and hundreds of indirect jobs, while a USD 13 m investment increases capacity at the Tema site in Ghana by 20%. To meet customer demand, a significant share of the additional capacity in Cargill`s cocoa processing plant in Yopougon will be fully dedicated to produce Gerkens® deeply rich brown cocoa powders.

At the same time, Cargill is also investing USD 12.3 m over the next three years to expand sustainability and supply chain traceability programs in the two countries. This is a combination of a USD 7.7 m investment in Ivory Coast, and USD 3.4 m in Ghana in programs that will enhance the safety and well-being of children and families in cocoa farming areas and provide a more transparent, traceable cocoa supply chain for customers and consumers.

Explaining the expansion of the processing plants Lionel Soulard, managing director Cargill West-Africa said: "We aim to shift a greater share of our global grinding activities to the countries of origin, so we can support the establishment of a broader, local agri-food industry. Working directly with both governments and other key stakeholders, we are committed to economic growth, building sustainable local businesses and diversifying sources of income for cocoa farming communities."

www.cargill.com