Leading food manufacturing company, BUA Foods Plc, on Wednesday said it sealed a deal with prominent Turkish flour milling equipment manufacturer, İMAŞ Makine, to build four state-of-the-art wheat and flour milling factories with a total capacity of 3200 tonnes per day.
The agreement with İMAŞ, a subsidiary of Ittifak Holding, was signed at a formal ceremony attended by top executives of both firms, underscoring BUA Foods’ commitment to sustaining growth, by expanding production capacities across all its business divisions.
The new factories, according to a statement by Adewunmi Desalu, the company’s Director of Marketing and Corporate Communications, are expected to provide enhanced manufacturing capacity and capabilities to deliver more high-quality products that will contribute towards addressing food challenges in Nigeria.
This transformative move by a well-diversified and scalable operations producing sugar, flour, pasta, rice and edible oils from plants strategically located across Nigeria, he added, is part of BUA Foods’ strategic expansion plans into new markets since its debut on the Nigerian exchange (NGX).
Speaking at the ceremony, Abdul Samad Rabiu, Chairman, BUA Foods Plc, described the partnership as “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,” he stressed.
Also commenting, representative of IMAS expressed the company’s happiness “to again contribute to BUA Foods expansion drive aimed at ensuring that more people in Africa have access to affordable and healthy food.”