Posted on August, 23, 2022 at 08:34 am
Forafric, a leading Moroccan grain trader and processor, has entered an agreement with Alapala for expansion of three existing mills and construction of three new mills in Morocco.
Forafric, which currently has wheat crushing capacity of 2,420 tpd, will increase its wheat and durum processing capacity by 2,370 tpd over the next 30 months.
Forafric’s new investment, including all components, buildings, equipment, and working capital requirements is around 1 billion Moroccan Dirhams ($95.7 million).
“Over the last four years, we have been focusing on improving our processes, cost basis and market penetration,” said Mustapha Jamal Eddine, chief executive officer of Forafric Maroc. “Today, we are opening a new era of development in order to take advantage of the synergies, improve our cost basis and to consolidate our market position in Morocco, the first market for our group.”
Alapala is active throughout Africa with its local offices, branches, and wide representative network, as well as numerous flour, semolina, and maize mill references in Zambia, Angola, Kenya, Senegal, Morocco, Tanzania, Mozambique, Somaliland and Ghana.
‘’We feel very proud to have another important customer in Morocco,” said Can Gürcan, general manager of Alapala. “We are aware that Africa has many business opportunities in the milling industry, and we congratulate Forafric Group again for their ongoing investments. As Alapala, we will also keep expanding our local investments and operations in Africa, as Morocco will be our one of the leading target countries.”
Source: World Grain