• Short Summary

    The Ivory Coast has recently made great strides in boosting its production and export of coffee, and a new processing factory was opened in Abidjan on Friday (9 June) to help meet the growing world demand.

  • Description

    The Ivory Coast has recently made great strides in boosting its production and export of coffee, and a new processing factory was opened in Abidjan on Friday (9 June) to help meet the growing world demand.

    The new factory is in the industrial part of the capital Abidjan. The opening ceremony on Friday (9 June) was performed by the President of the country's Economic and Social Council, Mr. Mamadou Coulibaly.

    Built to boost the coffee production capacity of the Ivory Coast, the new factory has been established by the Swiss-based Nestle group of companies. With other major coffee-producing countries like Brazil having and a series of bad harvest years, the Ivory Coast has now become a crucial supplier, and its annual production has been rising steadily.

    The Government of the Ivory Coast has long been promoting industrial expansion, and under a long-term development plan, is making every effort to move towards higher social and economic standards. One of the important ingredients of this development plan is the emphasis on an open-door economic policy. President Felix Houphouet-Boigny has stressed the importance of gradually moving away from the zone of undeveloped countries, and so every encouragement is given to investors in industry.

    The new Nestle coffee factory is expected to earn the country foreign exchange equal to twice its construction cost within the first year, as well as consolidating the Ivory Coast's position as a leading coffee production nation. More than 380 people have been employed to staff the new concern.

  • Tags

  • Data

    Film ID:
    VLVAB7T9VIU1XKN8FDWUIYUUB9LT7
    Media URN:
    VLVAB7T9VIU1XKN8FDWUIYUUB9LT7
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    12/06/1978
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:42:00
    Time in/Out:
    /
    Canister:
    N/A

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