Cargill is investing over a $113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana.
A $100 million investment will increase production capacity at Yopougon by 50%, while a $13 million investment increases capacity at the Tema site in Ghana by 20%.
At the same time, Cargill is also investing $12.3 million over the next three years to expand sustainability and supply chain traceability programs in the two countries.
According to the company this 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”.
“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,” said Lionel Soulard, MD of Cargill West-Africa.