Guan Chong plans RM120m capex for Cote D'Ivoire plant

Despite the moderated demand of chocolate currently due to the Covid-19 pandemic, the long-term demand and prospects remain stable.

KUALA LUMPUR: Guan Chong Bhd, which is the world’s fourth largest cocoa grinder, has earmarked RM120mil for its new cocoa ingredients plant in Cote D'Ivoire (Ivory Coast) in the south coast of West Africa.

It said the capex for the financial year ending Dec 31,2020 is part of the group's initiatives to grow its position in the global markets as a key industry player, in addition to enhancing efficiency and sustainability.