NIGERIA – BUA Food, one of the leading agribusiness and food processing company headquartered in Lagos, Nigeria, has penned an agreement with Milleral, a Turkish manufacturer and installer of milling equipment, to build the company’s new flour milling plants with a total milling capacity of 2,400tons per day.
The plants expected to be completed in 2021 will bring BUA’s total installed flour milling capacity to 4,000tons per day, indicated the company’s press-release.
BUA Food, a subsidiary of BUA Group has diverse investments in the agricultural value chain in sugar, rice, edible oils, flour milling and pasta.
It currently operates an installed flour milling capacity of 1,600 tons per day and five lines of pasta of 720 tons per day.
Speaking during the signing ceremony, 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.”
Milleral has been undertaking the manufacturing and installation of machinery and turnkey plants for milling grains like wheat, corn, rye, into flour and semolina for 27 years.
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.”
In other related news, Ellah Lakes Plc, a fish farming enterprise in Nigeria is seeking to acquire an oil palm processing company with substantial assets in Delta State.
In a note sent to the Nigerian Stock Exchange (NSE), Ellah Lakes said, “Though a binding term sheet has been agreed, the completion of the proposed transaction is subject to regulatory approvals and execution of a definitive agreement.”
Ellah Lakes began its journey in 1980 and built one of the largest fish farms in Nigeria. Through the acquisition of Telluria Farms in May 2019, the company transformed into a vertically integrated oil palm company.
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