One of the top producers of food in Nigeria, BUA Foods Plc, has partnered with IMAS, a well-known Turkish manufacturer of flour milling equipment, to construct four cutting-edge wheat and flour milling facilities with a combined daily milling capacity of 3200 tonnes.
After making its debut on the Nigerian exchange (NGX), BUA Foods has made a strategic plan to expand into new markets, which includes this game-changing move.
It is anticipated that the new factories will increase manufacturing capacity and supply more high-quality products, helping Nigeria handle its food difficulties.
Daily Independent reported that top executives from BUA Foods and IMAS saw the formal signing of the agreement, which reaffirmed BUA Foods’ commitment to maintaining growth by increasing production capacity throughout all of its business divisions.
Abdul Samad Rabiu, chairman of BUA Foods Plc, while speaking at the signing ceremony, said:
“This partnership with IMAS is a testament to our dedication to improving food security in Nigeria.
“These new factories will significantly boost our capacity to continue to produce high-quality flour products while helping to create additional job opportunities across the country.”
“This investment is a step towards our target of increasing our share of the Nigerian flour market. The addition of four mills will enable us to produce high quality flour thereby offering us the flexibility to address various potential flour needs.”
Mustafa Ozdemir, Vice President of IMAS, also commenting, said:
“We at IMAS are happy to again contribute to BUA Foods expansion drive aimed at ensuring that more people in Africa have access to affordable and healthy food.”
With this development, the company is expected to intensify its production capacity to compete with the other fast moving consumer goods company across the country.
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