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15
August 2000
Cote D'Ivoire: Aiglon To Open
Biggest Cotton Gin In West Africa
ABIDJAN, Aug 14 (Sibexnews) -- West
Africa's biggest cotton gin is completed and will be operational
for the 2000/01 (Oct-Sept) season, said officials from LCCI, a subsidiary
of the Geneva-based group Aiglon on Monday.
Situated in M'Bengue in the northern
part of the Ivory Coast, the factory would be able to take care
of 100,000 tons of raw cotton in a year in order to produce 45,000
tons of cotton fibre. The cost, 9.8 billion CFA Francs ($13.5 million)
was financed entirely by La Compagnie Cotonnihre Ivoirienne (LCCI).
Supposedly to be ready in December 1999, the plant has been postponed
due to technical reasons.
Ivory Coast has 10 gin plants (excluding
this one) that has an average capacity of 30,000 tons each which
means it has trouble processing all the local cotton production.
This capacity shortage means that
the raw cotton is sometimes kept for long periods of time in conditions
that are far from optimal. Due to this, the quality of cotton has
suffered, like in the 1999/00 season when the country has to process
40,000 tons of raw cotton, a record for Ivory Coast.
Out of this, 40 percent was classified
as good quality in the said period, against 75 - 80 percent in the
previous seasons. With 70 percent held by Aiglon, LCCI has three
other gin factories in Ivory Coast. The other 20 percent is held
by France's Bollore while the remaining 10 percent is held by Ivorian
investors.
Besides the Ivory Coast, Aiglon has
cotton interests in Benin, Togo, Senegal and Niger. In Africa, Ivory
Coast is the third cotton producer after Egypt and Mali.
SIBEXNEWS
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