Flour Mills veers into cement manufacturing
Nigerian Milling firm, Flour Mills Nigeria Plc, (FMN) have disclosed it has embarked on an expansion drive of its business operations to now include a full scale manufacturing cement process.
The company which so far has only been involved in the importation and distribution of cement says its decision veering into cement production is in direct response to Federal Government’s policy initiative which emphasises local manufacturing of the product in the country.
To this end, Flour Mills has joined in a collaborative endeavor with Holcim Trading SA of Spain and Orascom Construction Industries of Egypt with a view to manufacture cement at Mfamosing, a locality near Calabar in Cross River State.
Already, the company says it is investing around $450m (about N68bn) on the construction of greenfield plant with annual production capacity of 2.5Mt of cement.
The plant construction work now in its advanced stages is expected to be completed and subsequently commissioned for use by the forth quarter of 2007 or early in 2008 at most.
Published under Cement News
