BUA Foods Plc has signed an agreement with IMAS, a Turkish flour milling equipment manufacturer, to build four state-of-the-art wheat and flour milling factories with a cumulative milling capacity of 3200 tonnes per day.
BUA Foods disclosed this via a statement issued and made available to The Star on Wednesday, August 21, 2024.
The company said the move was part of its strategic expansion plans into new markets since its debut on the Nigerian exchange (NGX).
The new factories are expected to provide enhanced manufacturing capacity and capabilities to deliver more high-quality products that will contribute towards addressing food challenges in Nigeria.
Speaking at the signing ceremony, the Chairman of BUA Foods Plc, Abdul Samad Rabiu, said: “This partnership with IMAS is a testament to our dedication to improving food security in Nigeria.
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“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.”
Also commenting, the Vice President of IMAS, Mustafa Ozdemir, 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.”
BUA Foods is a leading food business with well-diversified and scalable operations producing sugar, flour, pasta, rice, and edible oils.
The company owns strategically located plants across Nigeria and a cordial alliance with local stakeholders in host communities.
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