Business
Cashew Processing Project Update
Cashew Processing Project Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \nRNS Number : 0891W Dekeloil Public Limited 30 July 2018 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \nDekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers\n30 July 2018\nDekelOil Public Limited (\"DekelOil\" or the \"Company\")\nCashew Processing Project Update\n \nDekelOil Public Limited, the West African focused agricultural company, is pleased to announce the appointment of a new senior management team at Capro CI S.A ('Capro') to oversee the development of the large scale raw cashew nut (\"RCN\") processing project at Tiebissou in Cote d'Ivoire. The team has been ratified by Capro's board and includes executives who played a key role in the successful construction and commissioning of DekelOil's 70,000tpa mill at its 100% owned palm oil project in Ayenouan, Cote d'Ivoire. Operations at Tiebissou are targeted to commence in Q3 2019 at an initial rate of 10,000tpa. As announced on 26 June 2018, DekelOil has an option to acquire a 58% interest in Capro.\n \nCapro's new senior management team includes:\n \n· Mr Eyal Timmor who has been appointed local CEO. Between 2013-2016, Mr Timmor was CEO of the Company's subsidiary, DekelOil Côte d'Ivoire SA, during which he played an integral role in DekelOil's transition from a development to a production company.\n· Mr Karl Heinz Schmelzer, a highly experienced engineer, who will oversee equipment procurement and construction, including civil works. Mr Smeltzer performed a similar role for DekelOil's palm oil project at Ayenouan. \n· Mr Busamwar Shyam Rajeshwar, who as Mill Manager will be responsible for managing the mill at Tiebissou. Mr Rajeshwar has extensive experience operating cashew processing operations in India, including with Olam International, the third largest agri-business in the world.\n· Mr Eldad Erel, the current CEO of Capro, who will assume the position of Executive Director and will be responsible for ove...