As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Friday, 2 December 2011

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.



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