Honeywell invests N10bn in new mills

Honeywell Flour Mills Plc said it has completed the expansion of its Apapa factory with two additional mills estimated at over N10bn, a statement said on Friday.

The Executive Vice-Chairman of the company, Mr. Babatunde Odunayo, said with the expansion, the company had increased its production capacity by about 62 per cent to be able to meet the increasing demand for its products.

He was quoted as saying this during the certificate award ceremony of the regular course 23 of the Honeywell Flour Mills Plc Baking School held in Lagos.

Odunayo, who was represented by the Production Director, Dr Nino Ozara, said the new investment would lead to business growth and more profits for customers; adding that the expansion project also included the completion of a-first-of-its-kind automated warehouse in Nigeria.

[Punch]

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