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Overview of the agribusiness sector
In 1997, IPS(WA) expanded its activities
into agribusiness, a logical move given its strong impact on the development of
rural areas.
The Institution joined with the Paul Reinhart Trading Company to form a consortium, which created Ivoire Coton, a company specialising in :
Continuing its expansion into agribusiness and leveraging the expertise developed in Côte d’Ivoire, the Institution created Faso Coton in 2004 in Burkina Faso. Faso Coton oversees nearly 20,000 farmers and processes approximately 25,000 tons of cotton seed per year. In 2008, Ivoire Coton acquired the assets of bankrupt cotton producer La Compagnie Cotonniere Ivoirienne (LCCI) and created a new company called M’Bengue Coton, which has a ginning capacity of 60,000 tons. IPS(WA) and partners from Burkina Faso acquired SN SOSUCO (Nouvelle Société Sucrière de la Comoé), which is Burkina Faso’s largest private employer. It operates its own sugarcane plantations on 4,000 hectares and produces 35,000 tonnes of sugar per year. Its core businesses are :
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