Flour mills sugar factory for completion May 2016
Following a massive expansion in the cultivation of sugar cane in the 10,000ha land it acquired by the River Niger, Flour Mills of Nigeria (FMN Plc), has said the target date of completion and commissioning in May 2016 of the new sugar mill being constructed in Sunti, Niger State is achievable because plant and machinery required have already been imported.
Mr. Paul Gbededo, Group Managing Director, Flour Mills of Nigeria (FMN Plc), while speaking on the company’s current performance and projections, said the company has acquired its 10,000ha Kaboji Farm in Niger State about 10years ago and has grown to become the biggest mechanized maize farm in the country, where it uses 4,000ha for growing maize.
He added that soybean is also grown noting that this has been very helpful in its vertical integration, which deploys the produce in its feed mill operation in Ibadan and Calabar for production of feed for the poultry industry.
On backward integration, he said the programme helps to support the groups manufacturing and processing business. For this, the Group Managing Director said it has invested over a billion dollars in the last five years and projects that an equivalent sum would be spent in another five years in the agro-allied business of the company. He added that the company is expanding its portfolio in the agro-allied space because that would grow the local content and help support the food business and strengthen the growth of agriculture, which would provide more jobs in Nigeria.