With an investment amount estimated at seven (7) billion FCFA (approximately 10 million euros) HRD Industries, a company specializing in the processing of agricultural products, is officially the 25 company to invest in the Glo-Djigbé Industrial Zone – Zè (GDIZ-Zè).
HRD Industries is one of the entities of the multinational HRD GROUP, present in the UAE, India and Nigeria. It has set foot in the GDIZ and will be basing its activity in an oil and bio-charcoal production unit in which cashew nut shells used for production. This unit has an annual production capacity of 50,000liters of oil and 45,000 tons of bio-charcoal.
The kickstarting of HRD Industries activities is scheduled for September 2022 on an area of3 hectares, allowing the GDIZ to become a zero-waste zone from cashew nut processing. 17,000 direct jobs and 15,000 indirect jobs are planned by December 2023 as part of the implementation of the entire cashew processing zone.
This new investment in the area confirms the confidence that local and international investors put in GDIZ, as it now has a count of 25 investors.
“Our ambition is to make the GDIZ an ecosystem that respects the highest environmental and social standards. GDIZ’s policy is part of a sustainable development approach, made possible by limiting our impact on the environment and reducing the waste produced within the area. With HRD Industries joining the endeavor, the GDIZ becomes a zero-waste zone for the processing of cashew nuts.”
Mr. Létondji BEHETON, SIPI-BENIN General Manager
Glo-Djigbé Industrial Zone (GDIZ), developed by Société d’Investissement et de Promotion de L’Industrie – BENIN (SIPI BENIN SA), is a joint-venture between Arise Integrated Industrial Platforms (IIP) and the Republic of Benin.
GDIZ is a dynamic industrial zone of 1,640 hectares (phase 1: 400 ha) developed by ARISE Integrated Industrial Platforms (IIP) which counts among its infrastructures several industrial zones in Africa, in particular in Gabon (Gabon Special Economic Zone) and in Togo (Industrial Platform of Adétikope) and in other countries of the African continent.