June 22, 2021

Lakefront Hartwell

Complete News World

Ivory Coast: The government has set a target to process all local rubber

# Ivory Coast : The Ivorian government wants to accelerate its industrialization program by changing its agricultural products. Therefore, the world’s 4th largest producer of natural rubber wants to change all its production by 2025.

C டிte d’Ivoire, the world’s largest producer of cocoa and mahogany, the world’s 4th largest producer of natural rubber, now wants to reduce its gross domestic product and shift a good portion of its agricultural production domestically.

Therefore, after plans to shift a portion of its cocoa and cashew production, the country has set an ambitious target of shifting its natural rubber production by 2025.

The announcement was made by Ivory Prime Minister Patrick Achchi on the sidelines of the 1st World Rubber Summit, which will be held virtually from June 8 to 11.

>>> Read more: Rubber. C டிte d’Ivoire becomes the 4th largest producer in the world

The world’s 4th largest producer of natural rubber, behind Indonesia, Thailand and Vietnam, and the leading African producer with a production of 950,000 tons or more than 80% of the continent’s latex production, intends to convert all of its timber harvest into a product that can be used by manufacturers in the pneumatic industry.

With this ambitious goal in mind, C டிte d’Ivoire now wants to break its strategy as an exporter of raw agricultural products. Thus, within 5 years, the country wants to break the policy of supplying raw materials to capture a portion of the added value of the global rubber industry.

In addition to manufacturing tires, officials and professionals plan to manufacture surgical gangs and condoms locally to meet local and regional demands.

READ  Senate Republicans are set to block a bill to create a Jan. 6 commission

>>> Read more: Ivory Coast: Rubber production will triple to 2 million tonnes by 2023

This option to replace natural rubber will create local added value and jobs. Until now, majors in the global tire industry (Michelin, Continental, Goodyear and Bridgestone) and a handful of Chinese manufacturers have been absorbing local production. However, due to the health crisis, only the Chinese received their products from the Ivorian latex market in 2020. This situation prompts executives and professionals to expedite the transformation process in order to reduce dependence on latex. Majors of the global tire industry.

As such, the international havia plantation company (SIPH), the largest producer of rubber in Africa, has announced that it will build its sixth plant in C டிte d’Ivoire, a partner of French tire manufacturer Michelin, which will increase its processing capacity domestically by 30%. The unit, which will be operational in November 2022, will start with a production capacity of 60,000 tonnes of rubber before doubling this capacity.

>>> Read more: Video. C டிte d’Ivoire: On-site cocoa processing is underway

In fact, according to the Prime Minister, at present, with exports of raw materials, “Cote d’Ivoire captures only 0.5% of the world’s annual revenue of $ 350 billion. At the same time, it provides 7.5% of world production. ”

The rubber industry, which employs more than 160,000 people in C டிte d’Ivoire and covers an area of ​​600,000 hectares, holds its place among the world’s leading global producers, all of whom are Asians. Production is growing rapidly from 170,000 tonnes in 2005 to 950,000 tonnes in 2020. The country aims to increase its production to 2 million tonnes by 2023.

READ  Algeria: Lawyers on strike on Monday