Connect with us

Business

BUA Group to Build 2400 tpd Flour Mills, Signs Deal With Turkish Firm

Published

on

BUA Sugar

BUA Signs Deal With Turkish Company to Build 2400tpd Flour Mills

BUA Foods, an agribusiness and foods processing division of BUA Group, on Friday said it has signed an agreement with Milleral of Turkey to construct new flour milling plants with a total milling capacity of 2,400 tons per day (3 x 800tpd) in Nigeria.

According to the company, when completed in 2021, BUA’s total installed flour milling capacity will be 4000 tons per day. Up from the present installed flour milling capacity of 1,600 tons per day and five lines of pasta of 720 tons per day.

Commenting on the new deal, Abdul Samad Rabiu, Executive Chairman, BUA Group said: “We are excited about this partnership with Milleral to develop our new state-of-the-art flour milling plants in Nigeria with a total milling capacity of 2,400tons per day, bringing BUA’s total installed capacity to 4,000tons per day, upon completion in 2021.

“This will further deepen our involvement in the foods processing sector as well as help enhance food security in Nigeria and the West African region.”

In his speech, Mustafa Ozdemir, Chairman, Milleral, said: “Milleral intends to bring its experience installing machinery and turnkey plants across the world to bear in building an efficient, advanced and world-class facility for BUA.

BUA Foods operates diverse investments in the agricultural value chain in sugar, rice, edible oils, flour milling and pasta.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Comments
Advertisement
Advertisement