Guan Chong allocates about RM280mil to build cocoa grinding facility in Cote D'Ivoire

KUALA LUMPUR: The world’s fourth-largest cocoa grinder, Guan Chong Bhd has set aside between EUR50 to EUR60 million (approximately RM230 to RM280 million) to construct a new 60,000 metric tonne (MT) cocoa grinding facility in a West African country, Cote D'Ivoire.

Its group managing director and chief executive officer Brandon Tay Hoe Lian said the new facility would see GCB operations expand to a major cocoa bean producing country and at the same time allow the group to grow its Europe market presence due to the close proximity and similar time zone.