Olvea/Laboratoire Soetenaey Invests in Argan Oil Facility
June 23, 2008
MOROCCO: Olvea/Laboratoire Soetenaey has invested approximately $770,000 in a fully equipped argan oil facility called Marogania. The site—located outside Agadir in Morocco—will employ the cold-press process to extract the oil. Marogania can produce 300 tons of argan oil a year, and is the leading producer of high quality, competitively priced argan oil in Morocco, according to the company.