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Flour Mills invests N220bn in agro-allied businesses

By on May 20, 2014

Flour Mills Nigeria Plc said it has invested over N220 billion in its agro-allied businesses.

The Group Managing Director of Flour Mills, Mr. Paul Gbededo who disclosed this at the at the 2014 Golden Penny Customers’ forum held in Lagos recently said the company is also involved in large scale cultivation of soybean, maize, palm, rice, and cassava.

The company also rewarded its distributors at the forum.

Speaking at the occasion the company’s Chairman, Mr. John Coumantaros said the forum was to appreciate the distributors for their unflinching loyalty and commitment to Golden Penny Products.

Gbededo also assured the customers that the company would continue to reward its distributors, even as he urged them to strive to sell more of the products.

He also stated that Flour Mills in the last two years entered the snack market with Marios Cheese balls and Noodies Snacks in recognition of the need to provide quality, nutritious and hygienically prepared ready-to eat snacks for the mobile consumer. He informed the distributors of plans to introduce new products to the market this year.

“As one of the largest agro-allied initiatives in Nigeria, Flour Mills has invested over N220 billion in our agro-allied businesses which extend to large scale cultivation of soybean, maize, palm, rice, and cassava.

“From cultivation, we are also processing these raw materials into animal and fish feed, edible oils, rice, sugar and high quality cassava flour in different parts of the country,” he added.

According to him, the quest to build a diversified and profitable portfolio is driven by the need to satisfy its consumers and customers.

At the forum, awards were given to distributors on regional and national level. Outstanding sales personnel were equally rewarded. The star prize of Ford Explorer SUV 2014 Model was given to Mount Olive Enterprises as the number one customer for the year 2014. All distributors present also went home with a generating set each.

 

 

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