HCM CITY — Domestic and foreign investors are pouring more money into powdered coffee and instant coffee processing plants in Central Highland Dak Lak Province.
Since the beginning of this year, Dak Lak coffee businesses have processed more than 12,850 tonnes of powdered coffee and instant coffee, an increase of 55.9 per cent compared to the same period last year.
For example, An Thai Coffee Ltd Co has expanded its instant-coffee processing factory from a capacity of 1,000 tonnes to 2,500 tonnes per year.
Ngon Coffee Ltd Co, a 100 per cent foreign capital company, has invested in building an instant coffee factory with a capacity of 10,000 tonnes per year.
These two factories are nearly 80 per cent complete, and are expected to be put into operation by the end of the year.
Currently, the province has 10 large-scale coffee-processing companies.
To increase the value of coffee products, the province has offered many preferential policies to encourage investors from various economic sectors to develop coffee-processing facilities.
By the end of the year, powered coffee and instant coffee output is expected to account for 14-15 per cent of total green coffee produced, according to the province. — VNS