“Schokinag will require 40% to 50% of the supply of cocoa ingredients from our upcoming cocoa processing plant in Cote D’Ivoire, ” said managing director and CEO Brandon Tay Hoe Lian.
KUALA LUMPUR: Guan Chong Bhd
, the fourth largest cocoa grinder in the world, is buying an industrial chocolate maker based in Germany, expanding its downstream business following recent venture in Africa.
The company, in a statement, said it would pay 29.9mil (RM138mil) to acquire the entire equity interest in Schokinag Holding GmbH.
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