Indonesian Political, Business & Finance News

Uniflora to Build $2b Cocoa Processing Plant

| Source: GOI
PT Uniflora will soon build a $2 billion cocoa processing plant in Serang district, Banten province, an official said.

"The plant will be built in Jalung village, Cikande sub-district, Serang district. Hopefully, it will employ thousands of workers when it is operational," Serang district head Taufik Nuriman said on Wednesday (28/2/07), according to Antara.

Indonesia is the world's third biggest cocoa producer after Ivory Coast and Ghana, producing some 400,000 tons of cocoa a year, 70% of which is exported.

Early last month, Trade Minister Mari Pangestu said Indonesia has agreed to cooperate with the Association of Chocolate, Biscuit and Confectionary Industries of the European Union (COABISCO) in developing cocoa-based industries in the country.
Tags: business
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