By Aduragbemi Omiyale
As part of its efforts to increase its wheat flour milling capacity, BUA Foods Plc has signed an agreement with a prominent Turkish flour milling equipment manufacturer, IMAS, to build four new state-of-the-art wheat and flour milling factories with a cumulative milling capacity of 3200 tonnes per day.
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.
A statement issued by the company on Tuesday disclosed that the deal was signed during a formal ceremony attended by top executives from BUA Foods and IMAS.
It further stated that this development underscores BUA Foods’ commitment to sustaining growth, by expanding production capacities across all its business divisions.
The food manufacturing company stated that this transformative move is part of its strategic expansion plans into new markets since its debut on the Nigerian Exchange (NGX) Limited.
“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,” the chairman of BUA Foods, Mr Abdul Samad Rabiu, said.
Also commenting, a representative from IMAS 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.”
