TGM’s renovations include an additional 1.5 million bushels of storage, a new 40-car railroad spur with a loadout facility, and two new, 1,000-bushel receiving pits.
Maragro’s business includes about 9,600 hectares of farmland, oilseed processing and a seed selection and treatment plant.
The downturn in performance is part of a larger trend affecting the packaged food industry.
To commemorate 50 years of excellence, Azam introduced the Special Golden Jubilee pack of Azam Ngano Bora Wheat Flour.
Marico aims to achieve this target through strategic pricing actions.