Superior Milling Company has invested US$10.5 million in wheat and animal feed plant.
Superior Milling Company has invested US$10.5 million in setting up wheat and animal feed plant at Lusaka, Zambia. The plant will create about 300 jobs.
According to the news of Daily Mail, the Company Managing Director Peter Cottan said the expansion plan will help the firm provide broad range of products to become market leaders in foodstuffs and assorted animal feed for the livestock industry. The investment is phase two of the company’s current expansion of existing maize mill in Lusaka’s Chinika industrial area where it has invested K20 million to expand the plant to double current production, venture into new markets and opportunities.
“For the phase two expansion plan, we have signed an agreement with Government to put new mills plants. The ground breaking ceremony for the wheat mill and animal feed mill will be done this April,” he said.
The two plants are expected to be commissioned in April 2016. Cottan said this development will bring competition to existing millers and help push down the price of flour and animal feed on the market.