Flour Mills Expands its Investments in the Agriculture Sector

Lagos, Nigeria; 26 April 2018. In a move that further reiterates the commitment of Flour Mills of Nigeria Plc to the development of the Agriculture Sector in Nigeria, and the pursuance of its core strategic focus of “Feeding the Nation, Everyday,” the company today announced further strategic investments in a Fertilizer Blending Plant and a bid for Silo Complexes from the Federal Ministry of Agriculture and Rural Development (FMARD).

The Company informs that work on the Proposed Fertilizer Blending Plant, located at Kudenda, in Kaduna state has reached advanced stage. The installation of the requisite machinery, and the freighting of raw materials and its attendant packaging to the factory site ahead of production for the next planting season has commenced.

Flour Mills has also revealed that it is through some of its subsidiaries participating in the ongoing Federal Ministry of Agriculture and Rural Development’s, Bid for Tenders for Silos Complexes. Although FMARD is yet to communicate the final dates when Agreements will be executed, the company informed that it has been awarded concessions for 3 of the Silos, subject to the execution of the Agreements with FMARD.

Flour Mills of Nigeria has continued to exhibit its commitment and drive to lead the market in the food and agro-allied sectors. Its passion to sustainability as a corporate strategy is evident at several levels of its operations, while its customer-centric culture remains focused on both product and process innovation aimed at building value for all stakeholders.

About Flour Mills of Nigeria Plc
Flour Mills of Nigeria Plc. (FMN) Group, is the market leader in food and agro-allied products in Nigeria, today. The Group is a fully vertically integrated foods company that primarily engages in flour milling, and food processing – Our flagship food brand, “Golden Penny,” is a staple in Nigerian homes, providing nourishment for millions of Families, every day. Our foods portfolio covers wheat-based products like Semovita, Masavita, Pasta, Noodles, and complementary foods like Vegetable oils, Margarine & Spreads, refined sugar, breakfast cereals and snacks.

Outside of foods, the FMN Group has made strategic investments in several agro-allied ventures, and support services that include several large-scale farms and support services like, polypropylene sack manufacturing, transportation, port operations and shipping.

With over twelve thousand full and part-time employees, Flour Mills is at the forefront of the green revolution in Nigeria with the use of locally sourced materials to develop and produce unique consumer products for local markets. This strategy is reducing dependence on imported raw materials, generating foreign exchange savings and creating value for businesses, consumers and the country at large.

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