Ingredion subsidiary Rafhan Maize Products Co. announces expansion plans to boost production capacity

PAKISTAN – Rafhan Maize Products Co. Limited (PSX: RMPL), a subsidiary of Ingredion Incorporated, has unveiled plans to expand its daily grind capacity by 200 tons and its glucose production capacity by 100 tons in a move to strengthen its market position and meet growing demand.

Rafhan Maize Products is a key player in the production of maize-based products, including starches, sweeteners, and gluten meals. The company’s products are widely used in industries such as food, pharmaceuticals, and textiles.

In an official statement, the company noted that this expansion is designed to elevate operational efficiency and broaden the spectrum of solutions offered to their clientele.

In a stock filing, RMPL emphasized that the expansion aligns with its commitment to delivering superior service and a broader range of solutions to its customers.

“This strategic enhancement will empower us to deliver superior service and a more comprehensive range of solutions to our valued customers. We are confident that this project will significantly boost our operational efficiency and customer satisfaction, reinforcing our unwavering commitment to excellence,” the company stated.

The expansion is also expected to generate substantial benefits for stakeholders. RMPL highlighted that the project will increase shareholder value, enhance market competitiveness, and create new job opportunities within the community.

“We believe that this expansion not only fortifies our position in existing markets but also paves the way for sustainable growth in our exports and profitability,” the filing added.

The company reiterated its dedication to delivering long-term value to shareholders and contributing to Pakistan’s economic development.

The expansion comes at a time when global demand for maize-derived products is on the rise, driven by increasing consumption of processed foods and industrial applications.

On December 20, 2024, Rafhan Maize Products Company Limited (Rafhan Maize) announced plans to initiate negotiations and due diligence to acquire a silo-based storage facility in Deepalpur.

The company stated that this acquisition is aimed at enhancing the efficiency of its corn supply chain, ultimately allowing Rafhan Maize to better serve its customers.

By securing this strategic facility, the company seeks to strengthen its operations and ensure a more streamlined supply chain for its core product offerings.

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