Modern Mills Company Announces the Commencement of the New Flour Mill Operation in Al-Jumum Branch (Mill C)
| Element List | Explanation |
|---|---|
| Announcement Detail | Modern Mills Company announces that it has obtained the final approval from the General Food Security Authority (GFSA), after fulfilling all the required standards and requirements, to commence operation at the new milling facility in Al-Jumum branch (Milling C).
This expansion will result in increasing the current production capacity for Al-Jumum Facility from 1,200 MT/Day to 2,450 MT/Day with an increase of 104%, bringing the company's overall flour production capacity from 3,450 MT/Day to 4,700 MT/Day.
This strategic initiative is part of the company’s long-term growth plan to meet rising demand in both domestic and export markets.
Also, the expansion supports Modern Mills Company’s strategic objectives of strengthening its market position, enhancing operational resilience, and delivering long-term value to shareholders.
The company remains committed to transparency and will continue to update the market on any material developments in the future.
For any inquiries, please contact the Investor Relations Department at: |
Comments