Olam to invest US$50m to expand Nigeria flour mills

By CARINE LEE


Olam International Limited on Friday announced plans to expand its wheat milling capacity at Crown Flour Mills in Nigeria for a total outlay of US$50 million.

'The addition of two swing mills will enable us to produce both standard flour / semolina or a special blend of flour and semolina for manufacturing pasta,' said K C Suresh, president for the grains business.

The project is expected to deliver a 20 per cent return, it said.