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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End of Year 2024 Update: Buying more Business Trust and REIT For Dividend
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