The newly commissioned mill, equipped with Aybakar’s latest high-efficiency machinery, is designed to boost local wheat processing capacity and improve supply chain resilience.
The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.
The deal, signed on November 4, covers the construction of factory buildings, warehouses, and supporting infrastructure for the project.
This flour carries a quantified “cradle to gate” carbon footprint of approximately 0.47 kilograms of CO2 equivalent per kilogram of flour, a notable reduction compared to conventional wheat flour products.
The company will be jointly owned by Samcrete Egypt, a leading domestic construction and industrial firm, and Feerum S.A., a Polish manufacturer specializing in grain storage and drying systems