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Friday, 2 December 2011

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


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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