Oil Palm Factory- SOCFINAF

Wassa East: SOCFINAF invests $20 million in oil palm production factory

Plantation SOCFINAF Ghana Limited has once again demonstrated the commitment in supporting the local economy of the Wassa East District. The company is set to complete installations for a palm oil factory worth a $20 million capital investment. The facility is a turn-key project and is set to be completed soon.

To this end the company has proactively invested in seedlings for the cultivation of huge palm plantations to feed the factory.

Technical manager and Consultant for the project, Pavel Hallebrand said the factory would be providing in excess of two hundred job opportunities for the people. He explained that the factory has a capacity of processing 70 tonnes of palm fruits with an equivalent yield of 25 tonnes.

In terms of its production capacity for oil, Mr Hallebrand noted that the factory could produce about 8 tonnes of palm oil per hour.

District Chief Executive for the area, Wilson Arthur commended SOCFINAF for their interventionist approach in supporting the local economy.

“Plantation SOCFINAF is the top employer in this district. They employ about two thousand people, so they are a major force when it comes to the local economic activities in the district. The oil palm processing factory they are setting up will be a major game changer because at the end of the day they will be employing two hundred more people”, he noted.

He added that the assembly have realized the need to develop their human capital to meet the growing demand for industry and other sectors, and as such have devised ways of addressing them.

“We have a lot to do by way of getting our people to match up the human capital needed. So we have much to do as an assembly and we are committed at working to realize this”, Mr Arthur emphasized.


Story: Abraham Mensah/Skyy News

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