SAPH to Open New Rubber Processing Plant in Ivory Coast
The Societe Africaine de Plantations d’Heveas said Friday that it plans to open a new rubber processing plant in the Ivory Coast.
The leading producer and exporter of rubber in West Africa said the factory, which will cost 17.1 billion CFA francs ($30.99 million), will be completed in November 2022.
“With an initial capacity of 60,000 tons/year, the industrial unit will be scaled to 120,000 tons/year in the years ahead, making it the largest rubber processing plant in Africa,” SAPH General Manager Marc Genot said.
In 2020, 950,000 metric tons of natural rubber were produced in the Ivory Coast, up 21% from the year prior, according to government figures. This makes it the world’s fourth-largest producer of the crop.
Source: Dow Jones