ADM to build cocoa facility in Ghana
June 08, 2007
by Eric Schroeder
DECATUR, ILL. — Archer Daniels Midland Co. announced it will build a cocoa processing facility in Kumasi, Ghana. Construction is set to begin later this year.
According to ADM, the new facility will diversity and expand ADM’s global cocoa origination and processing operations into a strategically important location.
"This investment demonstrates ADM’s commitment to expand our premier position in the agricultural processing value chain," said Mark Bemis, president of ADM Cocoa. "Our strategy includes the geographic expansion of our food processing and distribution network.
"It also represents Ghana’s growing importance in the cocoa processing value chain. By locating the plant in Kumasi, we will be processing cocoa closer to the farmers and providing local jobs to the community. In addition, it fits securely within the Ghanian government’s strategic and economic objective of adding value to its cocoa production."
The announcement comes nearly a year to the day after Cargill said it would build a new cocoa processing facility in Ghana to produce cocoa liquor, butter and powder. Cargill’s facility is located
in the port of Tema, and is scheduled break ground in mid-July with construction expected to be completed by the first half of 2008.