Mamuju, W Sulawesi (ANTARA News) - Investors from the Philippines will invest in a cocoa processing factory in West Sulawesi, Governor Anwar Adnan Saleh, said here on Sunday.
The governor said there were three countries, namely the Philippines, Malaysia and China that intended to invest in the province but the former would most certainly do so.
According to him, the three cocoa consuming countries wanted to invest in West Sulawesi because the province was the largest cocoa producer with around 140 tons per year.
"The investors from the Philippines expressed eagerness to invest in the cocoa processing industry in West Sulawesi because the country's cocoa consuming level was high enough with demand of around 70 tons per year from West Sulawesi," the governor said.
Besides the Philippines, Malaysia also wanted to invest in West Sulawesi with cocoa demand of around 250 tons per year from the province because the country produced only about 30 tons per year.
Governor Anwar Adnan said that of the countries intending to invest in West Sulawesi, the Philippines was the most ambitious one to build cocoa processing plant in the province.
The governor pointed out that the local government did not want to export cocoa beans to the countries which invested in West Sulawesi because it was less profitable for the province.
Therefore it required the investors to build cocoa processing plant in order to sell it in the processed form with higher market value.
"Investors from the Philippines will surely invest in the West Sulawesi because they have been ready to build cocoa processing plant in the province in the near future," the governor said.
Accordingly he added that the local government would make every effort to have the cocoa farmers increase their production to about 300,000 tons per year.(T.SYS/O001)
The governor said there were three countries, namely the Philippines, Malaysia and China that intended to invest in the province but the former would most certainly do so.
According to him, the three cocoa consuming countries wanted to invest in West Sulawesi because the province was the largest cocoa producer with around 140 tons per year.
"The investors from the Philippines expressed eagerness to invest in the cocoa processing industry in West Sulawesi because the country's cocoa consuming level was high enough with demand of around 70 tons per year from West Sulawesi," the governor said.
Besides the Philippines, Malaysia also wanted to invest in West Sulawesi with cocoa demand of around 250 tons per year from the province because the country produced only about 30 tons per year.
Governor Anwar Adnan said that of the countries intending to invest in West Sulawesi, the Philippines was the most ambitious one to build cocoa processing plant in the province.
The governor pointed out that the local government did not want to export cocoa beans to the countries which invested in West Sulawesi because it was less profitable for the province.
Therefore it required the investors to build cocoa processing plant in order to sell it in the processed form with higher market value.
"Investors from the Philippines will surely invest in the West Sulawesi because they have been ready to build cocoa processing plant in the province in the near future," the governor said.
Accordingly he added that the local government would make every effort to have the cocoa farmers increase their production to about 300,000 tons per year.(T.SYS/O001)