ABIDJAN – Barry Callebaut, the world's largest maker of chocolate products, plans to upgrade grinding capacity at its cocoa processing plant in Ivory Coast to 175,000 tonnes a year from 105,000 tonnes now, its CEO said.
Investment is trickling back into the world's top cocoa grower, after years of crisis and instability culminated in a brief civil war over a disputed November election.
President Alassane Ouattara is wooing foreign capital to try to revive what was once West Africa's star economy and launch badly needed infrastructure projects.
Ivory Coast, whose cocoa feeds a third of world demand, is on track to become the world's top cocoa grinder in the next few years as it seeks more value from cocoa exports.
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