It covers paddy cleaning, husking, whitening, polishing, optical sorting, grain calibration and packaging of white rice.
Production is projected to reach 1,955,893 tonnes, an increase of 4.3 percent from the previous season and 25.2 percent above the five-year average, according to figures reported by Togo First.
The measures aim to safeguard grain availability, support farmers and reduce the risk of food shortages should below-average rainfall and prolonged dry spells affect crop production.
In the first phase, the company will invest in a vegetable oil complex with a processing capacity of 1,100 tonnes per day.
The agreement covers rehabilitating existing and damaged facilities, modernizing production lines and equipment, upgrading operating and control systems, and improving energy efficiency.