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Manufacturer’s operations are largely unaffected
KUALA LUMPUR: Guan Chong Bhd is investing in new cocoa processing plant in Cote d'Ivoire, the group's first plant in Africa, as its seeks to boost production capacity.
PETALING JAYA: Cocoa grinder Guan Chong Bhd is banking on its upcoming processing facility in Cote D’Ivoire (Ivory Coast) to serve as a launchpad to boost its export markets, especially in Europe.
KUALA LUMPUR: Shares in Guan Chong Bhd rose over 7.3% in early trade Tuesday after announcing a 42% jump in its second quarter net profit.
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.
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.
YINSON’S nine-month financial year 2020 (9M20) results are deemed to be within expectations, in view of a stronger 4Q20, led by maiden contributions from floating production, storage and offloading (FPSO) vessel Helang.
PETALING JAYA: A promising outlook has been projected for the local consumer sector for this year, spurred by higher disposable income that will be driven by Budget 2020 initiatives, major sporting events and spillover from Visit Malaysia Year 2020 (VMY2020).
PETALING JAYA: Guan Chong Bhd, the world’s fourth-largest cocoa grinder, says strong demand for the chocolate ingredient worldwide and rising product prices have boosted its earnings and revenue.