To meet market demands, BUA Foods has signed an agreement with a Turkish flour milling equipment manufacturer, IMAS, to build four wheat and flour milling factories in the country.
According to the firm, the four new milling factories have a cumulative capacity of producing 3200 tonnes per day, to aid the firm in achieving 2.5 million metric tonnes of production annually.
This transformative move is part of BUA Foods’ 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.
The agreement was signed yesterday during a formal ceremony attended by top executives from BUA Foods and IMAS, underscoring the firm’s commitment to sustaining growth and expanding production capacities across all business divisions.
The Chairman of BUA Foods, Abdul Samad Rabiu, 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.”
Also commenting, 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.
