BUA Foods Plc, one of Nigeria’s leading food manufacturing companies, has signed an agreement with IMAS, a prominent Turkish flour milling equipment manufacturer, to build four state-of-the-art wheat and flour milling factories. These factories will have a cumulative milling capacity of 3,200 tonnes per day, amounting to 2.5 million MTpa.
Speaking at the signing ceremony, which was attended by top executives from BUA Foods and IMAS, Abdul Samad Rabiu, Chairman of BUA Foods Plc, said the partnership is a testament to the company’s dedication to improving food security in Nigeria.
According to him, these new factories will significantly boost BUA Foods Plc’s capacity to produce high-quality flour products while helping to create additional job opportunities across the country. He added that the move underscores BUA Foods’ commitment to sustaining growth by expanding production capacities across all its business divisions.
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“This partnership with IMAS is a testament to our dedication to improving food security in Nigeria. These new factories will significantly enhance our ability to produce high-quality flour products and create additional job opportunities nationwide.
“This investment is a step toward our goal of increasing our share of the Nigerian flour market. The addition of four mills will enable us to produce high-quality flour, offering us the flexibility to meet various flour needs.
“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 enhance manufacturing capacity and capabilities, contributing to addressing food challenges in Nigeria,” he stated.
Also speaking, Mustafa Ozdemir, Vice President of IMAS, expressed the company’s pleasure in contributing once again to BUA Foods’ expansion drive, aimed at ensuring more people in Africa have access to affordable and healthy food.
“We at IMAS are pleased to contribute again to BUA Foods’ expansion drive, aimed at ensuring more people in Africa have access to affordable and healthy food,” Ozdemir said.
Headquartered and listed in Nigeria, BUA Foods is one of the most capitalized companies on the NGX Exchange and a leading consumer goods firm by market value, with well-diversified and scalable operations producing sugar, flour, pasta, rice, and edible oils.
The company owns strategically located plants across Nigeria and maintains a cordial alliance with local stakeholders in host communities.
Additionally, BUA Foods is a resilient business built on a strong brand proposition and is known for delivering high-quality products. The company continues to invest in modern technology for efficient food production and is expanding innovatively with strategic partners across the value chain.
