THE difficult operational environment in Apapa, Lagos business district, currently being accentuated by perennial traffic gridlock, may have informed plans by Honeywell Flourmills Plc to relocate its plants to Sagamu in Ogun state.
Specifically, the company noted that it was planning a bigger factory expansion as it had fully utilized the space allotted to it at the Tin Can Island Port in Apapa, Lagos.
Speaking at the company’s yearly customers’ forum in Lagos, Wednesday, the Executive Vice Chairman/Chief Executive Officer of the company, Babatunde Odunayo, noted that the move became necessary in order to cater for the growing demand of its products as well as innovative enterprise in the years to come.
Odunayo said: “Due to the congestion and space constraint at Tin Can Island Port, we have acquired 64 hectares of land around the Sagamu interchange along the Lagos – Ibadan express-way. This vast expanse of land will be used for future expansion including new Pasta, Noodles, and Flour factories for increased production of all our products. The future, indeed, looks very bright for all of us to grow our businesses.
“This expansion is therefore a further testimony of consumers’ confidence and wide acceptance of our products. We see this positive trend continuing and are very upbeat about the future growth and prospects for this company. And we know you will support us to achieve this goal.”
He explained further that though the company had just merged with another entity, resulting in the emergence of a larger entity, there is a need to expand its operations to cater for growing customer demands.
Following approval of the court and shareholders of the company, a business combination of Honeywell Flour Mills Plc and Honeywell Superfine Foods Ltd was effected. This led to the dissolution without winding up of Honeywell Superfine Foods Ltd and the company has now become the Ikeja Factory of Honeywell Flour Mills Plc.
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