Investor Presentaiton slide image

Investor Presentaiton

JICA Rubber processing Rubber processing in Côte d'Ivoire: Executive Summary Overview of cashew sector and key players • • • • With 790,000 tons, Côte d'Ivoire is the largest producer of natural rubber in Africa but far behind Thailand (4.9M tons) and Indonesia (3.3M tons) 77% of the production was locally transformed into Technical Specified Rubber (TSR), the remainder was exported as raw commodity to Malaysia SAPH (owned by Ivorian agribusiness group SIFCA) is the largest TSR producer in the country with 163,000 tons (27%) of installed capacity. Other players are: SOGB (10%), SCC (6%), CHC (5%) and SAIC - owned by Olam (3%) Despite the production of TSR, manufacturing of rubber goods is almost non-existent (less than 1% of production) Given Côte d'Ivoire imports ~100M$ of rubber goods, there is a potential to manufacture non-tire rubber products, including mattresses, conveyor belts, gloves, contraceptives and shoes Challenges in the market and Government actions • • Historically, Côte d'Ivoire has processed 100% of its rubber into TSR. However, processing capacity has not followed the production increase in the past 5 years due to difficulties to access to qualified labour and the high cost of machinery and spare parts To address the problem, the government has signed agreements with existing processors, offering them additional tax incentives to increase processing capacity 99 90
View entire presentation