Mondel To Invest US$400 Million Under Cocoa Life

Jakarta, Nov 30 (ANTARA) - Mondel�z International has announced plan to invest US$400 million under a 10 year sustainable cocoa program called "Cocoa Life" in the Asia Pacific region. "It is a good news for Indonesia," Devy Yheanne, Head of Corporate Affairs of Kraft Foods in Indonesia, said here on Friday. Devy said Indonesia is included in the program and it is important for the expansion of Mondel, formerly known with the name of Kraft Foods, in the future. She said Cocoa Life is a bold ambition but for the producer of chocolate it is important to change the life to a better condition of cacao growers in long term. The investment is expected to encourage Indonesia to continue to grow to become the main player in sustainable cacao production, she said. Indonesia is currently the world`s third largest producer of cacao beans after Africa`s Ivory Coast and Ghana. "We hope we could cooperate with other global players in developing cocoa-based industries," she added. She said Mondel is in the process of studying possible investment in Asia Pacific such as in Sumatra, Sulawesi, Papua Barat of Indonesia and Papua New Guinea and other countries in this region. She said Mondel�z International has a high ambition to inspire younger generation of cocoa farmers . Mondel�z International, which was formerly known with the name of Kraft Foods has taken the initiative to carry out the program of sustainable cocoa aimed at improving the welfare of more than 200,000 cocoa farm families in the world.