Dekel Agri-Vision PLC Arrival of cashew project milling equipment
22 July 2020 - 4:00PM
RNS Non-Regulatory
TIDMDKL
Dekel Agri-Vision PLC
22 July 2020
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food
Producers
Dekel Agri-Vision Plc ('Dekel' or the 'Company')
22 July 2020
Arrival of cashew project milling equipment in Côte d'Ivoire
Dekel Agri-Vision Plc, the West African focused agriculture
company, confirms milling equipment for the large scale cashew
processing project which it is developing at Tiebissou (the
'Tiebissou Project') in Cote d'Ivoire has arrived at the port of
Abidjan from Italy on schedule. It is expected the shipment, which
will have to clear customs, will take approximately four weeks to
be delivered to Tiebissou where work is underway to install
infrastructure equipment at the site.
As announced on 8 July 2020, the milling equipment shipment,
which comprises 12 containers of electrical, dryer, steam roasting
and workshop hardware, is the first of four due to be despatched
from Italy by the manufacturer, Oltremare Srl. The remaining three
shipments are expected to be shipped and delivered to Côte d'Ivoire
in the coming weeks and months. Further updates will be provided to
the market in due course.
The delivery of the milling equipment falls under the turnkey
contract signed with UK-based engineering company Overseas Projects
& Services Limited, a related entity of Oltremare Srl for the
engineering, manufacture, delivery, installation and commissioning
of the Project, which is expected to become operational in Q2 2021.
At this point Tiebissou will become Dekel's second producing
project, alongside its established palm oil operation at Ayenouan
in Côte d'Ivoire.
Dekel Agri-Vision Executive Director Lincoln Moore said, "With
the first of four milling plant shipments now in country, work
underway to install infrastructure at the site and the manufacture
of milling equipment continuing in Italy, news regarding the
development of our large scale cashew processing project in Cote
d'Ivoire continues to come in thick and fast. I look forward to
providing further updates as we focus on completing the
construction of the Project in time to capitalise on 2021's peak
harvest season and in the process add a second producing operation
to our portfolio of West African focused agriculture projects."
** ENDS **
For further information please visit the Company's website at
www.dekelagrivision.com or contact:
Dekel Agri-Vision Plc
Youval Rasin
Shai Kol
Lincoln Moore +44 (0) 207 236 1177
Arden Partners Plc (Nomad and Joint Broker)
Paul Shackleton / Ruari McGirr /
Dan Gee-Summons (Corporate Finance)
Simon Johnson (Corporate Broking) +44 (0) 207 614 5900
Optiva Securities Limited (Joint Broker)
Christian Dennis
Jeremy King +44 (0) 203 137 1903
St Brides Partners Ltd (Investor Relations)
Frank Buhagiar
Cosima Akerman
Megan Dennison +44 (0) 207 236 1177
Notes:
Dekel Agri-Vision Plc is a multi-project, multi-commodity
agriculture company focused on West Africa. It has a portfolio of
projects in Côte d'Ivoire at various stages of development: a fully
operational palm oil project in Ayenouan where fruit produced by
local smallholders is processed at the Company's 60,000tpa crude
palm oil mill; a cashew processing project in Tiebissou, which is
due to commence production in Q2 2021.
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END
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