Schokinag’s production, which is limited by restrictive working capital and high raw material prices, should also be resolved through synergising with Guan Chong.
KUALA LUMPUR: Guan Chong Bhd
’s acquisition of German firm Schokinag Holding GmbH will help the group tap into the EU market as well as minimise the risk of underutilisation at the upcoming Ivory Coast cocoa processing plant, says RHB research.
Following a meeting with Guan Chong’s management, RHB said the group plans to ramp up production by improving the utilisation rate and prioritising market share.
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