Dekel Agri-Vision PLC Cashew Operation Update (0533U)
28 7월 2022 - 3:00PM
UK Regulatory
TIDMDKL
RNS Number : 0533U
Dekel Agri-Vision PLC
28 July 2022
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food
Producers
Dekel Agri-Vision Plc ('Dekel' or the 'Company')
Cashew Operation Update
Dekel Agri-Vision Plc (AIM: DKL) , the West African agriculture
company focused on building a portfolio of sustainable and
diversified projects, is pleased to provide an update on the
ramp-up of production of our large-scale cashew processing plant at
Tiebissou, Côte d'Ivoire (the 'Cashew Operation').
-- Further to the Company's announcement on 13 June 2022, the
colour sorter which arrived at Abidjan port on 12 June 2022 is now
fully installed. Commissioning has commenced which should lead to a
significant increase in daily production in the coming weeks
-- The shelling machines arrived at Abidjan port on 26 July 2022
and once installed and commissioned we have the capacity to reach
our goal of processing 10,000tn of raw cashew nuts ('RCN') in
2023
-- In addition to the 2,000tn of RCN on hand at 31 December
2021, we have purchased a further 1,200tn of RCN to provide
feedstock for the Cashew Operation for the remainder of 2022
-- The Cashew Operation is running smoothly and is
well-positioned to deliver positive operating cash flow from Q4
2022 onwards
Lincoln Moore, Dekel 's Executive Director , said: "The Cashew
Operation has advanced considerably over the past 6 weeks and is
set to deliver both operational cash flow in Q4 2022 onwards and a
material increase in Group revenue and profitability in 2023, the
first full year of cashew production."
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
** ENDS **
For further information please visit the Company's website
www.dekelagrivision.com or contact:
Dekel Agri-Vision Plc
Youval Rasin
Shai Kol
Lincoln Moore +44 (0) 207 236 1177
WH Ireland Ltd (Nomad and Joint Broker)
James Joyce / Ben Good +44 (0) 20 7220 1666
Optiva Securities Limited (Joint Broker)
Christian Dennis / Daniel Ingram +44 (0) 203 137 1903
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 capacity
crude palm oil mill and a cashew processing project in Tiebissou,
which commenced production in early January 2022.
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END
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