Hope rises for moribund Osun Cocoa processing firm as Chinese investors move in


The moribund Cocoa Processing Company in Ede, Osun state has received a lifeline with the intervention of two Chinese firms who have promised to resuscitate the comatose Cocoa industry.
This disclosure was made when the Chinese firms paid a courtesy call on the governor of Osun, Ogbeni Rauf Aregbesola at the Government House in Osogbo.
The companies resuscitation of the Cocoa products company promises creation of many jobs in the state.
‎The two China-based companies -Skyron Corporation and Golden Monkey Group of Company promised that production will commence in the next six months.
David Shi who led the Skyron group stressed that ‎the company has been in the business of Cocoa processing in the last 10 years and that their firm is similar to that of Ede.
He held that the company is sure of turning around the moribund Cocoa processing company in no distant time. “Cocoa processing industry is not a new terrain to Skyron having been engaging in similar sector and company in the last ten years.
“Skyron group has a turn over of $6.4billion in the year 2014 with visible investment in Agriculture and construction sector established across the world including Lagos and other states in Nigeria,” Shi said.
Also, the head of delegation of Golden Monkey Corporation of China, Liu Jin Hiu assured that aside resuscitation of Cocoa industry, confectionery company will also be established in the state.
Liu also added that the group is ready to embark on massive production of cassava as raw materials for the confectionery.
“Golden monkey corporation remains the number one producer of candies and chocolate in China, reviving the cocoa processing company in Ede will not be a problem.
“The partnership with the government of Osun in reviving the cocoa project will end up being a win-win partnership project. We have several investment companies in West Africa, especially Cote …Read More

Source:: New Mail