Abidjan, Cote d'Ivoire (PANA) - Under its 2012-2017 development plan for Africa, the French agriculture and food industries company, SOMDIAA, is to invest over 300 million euros or 210 billion CFA Franc in the continent's sugar industry, according to a press statement released here Tuesday by the company.
The development plan is to enhance production and self-sufficiency in the various countries where SOMDIAA has subsidiaries across the continent -- SOSUCAM in Cameroon, SUCAF RCI in Cote d'Ivoire, CST in Chad, SUCAF in Gabon, SARIS in Congo and SUCAF in the Central African Republic.
The investments are meant to increase sugar production and enhance SOMDIAA's activities (agriculture and the processing of agricultural products) in those countries.
"We intend, through this development plan, to strengthen our presence in the markets while channeling sugar bye products for enegery production," the SOMDIAA chief, Alexandre Vilgrain, indicated.
-0- PANA BAL/PAN/VAO 30May2012