(Business in Cameroon) - The consortium of Cameroon-based Eto’s Farm and France-based Five & Co plans to build, starting in 2016, a banana stalk processing plant for wall coverings and interior and exterior decoration as well as motor vehicle dashboards.

Representatives of these companies, specifically Vladimir Hayot, Fibe & Co Co-President and Roger Samuel Eto, Eto’s Farm Managing Director, just met the Delegate Minister to the Ministry of Agriculture, Clémentine Ananga Messina, to inform her about the project. The goal of the meeting, Roger Samuel Eto stated, was to ensure “the lasting production of this useful raw material for our future factories.”

With this factory, the heads of the two companies intend to replicate, in Cameroon, existing models in Europe and Asia. According to Roger Samuel Eto, the future plant should produce “100,000 m2 of covering per annum” for local and African markets, of which a portion will be exclusively delivered to Fibe & Co, which holds a banana stalk processing patent and already has a solid contract within the framework of this project.