Nigeria based Eastern Feed Mills, inaugurated the biggest feed mill in Sub-Sahara Africa. It is said the mill was built at a cost of N5 billion.
Flour Mills of Nigeria Plc (FMN), together with one of its subsidiary companies, Eastern Feed Mills Ltd, has inaugurated the biggest animal feed mill, built in Sub-Sahara Africa, in Calabar, Cross River State.
According to Nigeria Tribune, the “world-class” feed mill, with annual capacity of 370, 000 metric tons, built at a cost of N5 billion, will help sales growth of its animal feed brand, ‘TOPFEED,’ within the next seven years in the Eastern and Southern parts of Nigeria.
FMN believes that its new investment would help to increase the local capacity and to drive economic growth and industrial development of Nigeria and Cross River State in particular.
The new plant will complement the existing automated 300,000 metric tons per year animal feed factory commissioned in Ibadan in 2010 by a member of FMN Group Company, Premier Feed Mills Limited. The factory is estimates to create up to 1,000 direct jobs and 5,000 indirect jobs.
While announcing that the plant will be commissioned, the Group Managing Director, Paul Gbededo expressed: “The strategic investment was in tandem with FMN’s business model of improving group synergy, diversifying product base, responding to business dynamics and creating long term sustainable wealth and value for its stakeholders.”