BUA Foods Plc partners with Turkish and Italian firms to expand pasta and flour production capacity
10/31/24, 2:20 PM
Location
Industry
food processing
food and beverage
agriculture and farming
manufacturing
Type
partnership
BUA Foods Plc has reported remarkable financial results for the nine months ended September 2024, with revenue reaching N1.07 trillion and gross profit rising by 82% to N333.82 billion. The company also announced strategic partnerships with Turkish and Italian firms to increase its pasta production capacity to 900,000 metric tonnes per annum and flour production capacity to 2.5 million metric tonnes per annum, in line with its goal of becoming Nigeria's biggest flour and pasta milling company by 2025.