A deal has been reached between BUA Foods Plc and IMAS, a Turkish producer of flour milling equipment, to construct four wheat and flour milling facilities with a combined daily milling capacity of 3200 tonnes. 

In a statement released on Tuesday, BUA Foods’ Director of Marketing and Corporate Communications, Adewunmi Desalu, stated that the action was a part of the company’s strategic intentions to expand into new markets following its initial public offering on the Nigerian exchange. 

Desalu claims that the new plants will have increased manufacturing capacity and the ability to produce more high-quality goods, which will help alleviate Nigeria’s food insecurity issues.

Top BUA Foods and IMAS officials were present at a formal ceremony on Tuesday to sign the deal.

Speaking at the signing ceremony, BUA Foods Plc Chairman, Abdul Samad Rabiu, stated, “This partnership with IMAS is a testament to our dedication to improving food security in Nigeria. These new factories will significantly boost our capacity to continue to produce high-quality flour products while helping to create additional job opportunities across the country.”

“This investment is a step towards our target of increasing our share of the Nigerian flour market. The addition of four mills will enable us to produce high-quality flour thereby offering us the flexibility to address various potential flour needs.”

Also adding, Vice President of IMAS, Mustafa Ozdemir, said, “We at IMAS are happy to again contribute to BUA Foods expansion drive aimed at ensuring that more people in Africa have access to affordable and healthy food.”