Business
Details: BUA Foods To Boost Pasta Output By 400,000 Tonnes Annually
also expected to bolster Nigeria’s economy
BUA Foods, a subsidiary of BUA Group founded by Abdul Samad Rabiu, has made a significant move to boost its production capacity in response to ongoing food security challenges in Nigeria.
The company has signed agreements with Italian firms FAVA and Martini to introduce nine new long-cut pasta lines and advanced packaging equipment.
This expansion will boost BUA Foods’ annual pasta production by 400,000 tonnes, bringing its total production capacity to 900,000 metric tonnes annually according to information available.
The deal was signed on Tuesday, September 24, 2024 by Mr Luigi Fava, the Chairman of Fava; Ms Michela Martini, the Chairman of Martini and Abdul Samad Rabiu, the Chairman of BUA Group.
This development follows a strategic agreement with Cukurova Silo from Turkey, aimed at increasing grain storage capacity by 100,000 tonnes.
These investments align with BUA’s broader goal to enhance food security, mitigate supply shortages, and solidify its market leadership in the food processing sector.
The expansion is also expected to bolster Nigeria’s economy through job creation, improved food supply, and stronger industrial infrastructure.
Additionally, BUA’s ongoing investments, including recent collaborations with the Turkish manufacturers for flour milling and the establishment of new facilities, further demonstrate the group’s commitment to supporting Nigeria’s agricultural and food production sectors.
By expanding its production capabilities, BUA Foods – a subsidiary of the major contributor to the nation’s economy, BUA Group – continues to play a pivotal role in addressing both local and regional food challenges while supporting economic growth and development.
