GMG JV will run rubber factory in Ivory Coast

ERJ staff report (LMH)

Singapore -- GMG Global has entered into a joint venture with Joseph Desire Biley (JDB) to develop a 30 000 tonnes natural rubber processing factory in Aboisso, Ivory Coast.

The public limited company will be known as African Produce Côte d'Ivoire.

Singapore-based plantation group GMG will initially own 75 percent of the JV. JDB Group will own the remaining 25 percent stake. After three years, GMG said its share will decrease to 60 per cent while JDB's share will increase to 40 percent.

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Announcement from GMG Global