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Atlantic Cocoa Corporation to Start Processing Cocoa in Cameroon

17 Nov 2017 1:16 pm
 
   By Emmanuel Tumanjong 
 

YAOUNDE, Cameroon--Australian agribusiness Atlantic Cocoa Corporation plans to grind 15,000 metric tons of Cameroon cocoa starting next year, the West-African nation's investment agency said Friday.

The company will carry out its processing in the coastal town of Kribi, about 300 kilometers southwest of the capital Yaounde, the Agency for Investment Promotion said in a statement.

Details of the amount to be invested weren't given.

Atlantic Cocoa will become Cameroon's third cocoa crusher, after Switzerland-based Barry Callebaut AG (BARN.EB) and Fapam Industry SA.
 

Write to Emmanuel Tumanjong at barcelonaeditors@dowjones.com
 

(END) Dow Jones Newswires

November 17, 2017 08:16 ET (13:16 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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