Work on $52m project...to be completed in 3 years
Bahrain Flour Mills plans to set up new factory
MANAMA, March 19, 2015
Bahrain Flour Mills Company has unveiled plans to set up a new factory with a high production capacity at Hidd Industrial Area.
Work on the BD20 million ($52.6 million) project is expected to be completed in three years, said a report in the Gulf Daily News (GDN), our sister publication.
The factory aims to meet growing local demand and supply large quantities to food-manufacturing factories in Bahrain at non-subsidised rates.
The new factory is expected to double flour production capacity, which is currently at 420 tonnes daily, company chief executive Mohammed Abdulwahab Nass told our sister paper Akhbar Al Khaleej.
Chairman Abdullatif Al Awjan said the company posted BD614,142 net profit last year and the board has approved distribution of cash dividends of 45pc of the paid-up capital or 45fils per share to shareholders. - TradeArabia News Service
