IVORY COAST – Grands Moulins d’Abidjan (GMA), an agri-food company specializing in the production and marketing of flour and wheat products has invested US$15.7 million on 6 new cereal silos in Abidjan, Ivory Coast.
These new installations, which have a total capacity of 28,000 tonnes, allow the company to increase its storage potential in the nation to 50,000 tonnes of grain.
This will help GMA to crush a volume of 300,000 tonnes of cereals annually, to meet the growing flour needs of the national market, both from consumers and from industrialists in the wheat-flour bakery sector.
“This storage capacity increase is one of our parent company Seabord Corporation(’s) objectives to be more competitive in the Ivorian millers’ market,” indicates Marc Alexy, deputy general manager of GMA.
In sub-Saharan Africa, wheat production in the region has weakened considerably over the last decade, imports have also jumped over the period, exposing it to fluctuations in the international market.
This inauguration, which comes in a context of soaring wheat prices, should comfort the executive in its strategy to ensure a regular supply of wheat flour that meets the required standards in terms of safety.
It should be recalled that the government released an envelope of US$ 10.5 million to aid the millers maintain the price of bread in the country, which consumes about 500,000 tons of wheat per year according to USDA data.
Created in 1963 shortly after the independence of Côte d’Ivoire and acquired by the American group Seaboard Corporation in 2018, the Grands Moulins d’Abidjan currently has a turnover of more than 50 billion CFA francs US$ 78.8 million and more than 250 employees and plays a leading role in the Ivorian economy.
In recent years, the GMA also made use of the byproducts of flour manufacturing, such as wheat bran, turning it into animal feed, with the intent of developing the West African livestock sector.
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