The equipment is destined for a cereal storage facility in Bandari, Tanzania, and SACE, the export credit agency owned by Italy’s finance ministry, insured the transaction through a tool it calls Supplier Credit.
The company has completed a US$5 million upgrade that will increase soybean processing and expand support for Italian farmers.
By expanding manufacturing capacity and accelerating innovation, the new facility will strengthen the company’s ability to meet rising consumer demand for memorable food experiences in one of Southeast Asia’s fastest-growing markets.
The planned deal will add seed cleaning, sorting and conditioning equipment to Ocrim’s product portfolio.
The agreement brings together GMA’s local milling presence and SNBI’s international milling and baking expertise to create a structured training platform for Angolan bakers for the first time.