Nigeria Naira Exchange Rates

Join Aynaijablog Free Newsletter Signup free today, be the first to get notified on Latest News

Wednesday, 19 April 2017

Billionaire Business Man, Dangote sells his Noodles Firm to Indomie l

Dangote Flour Mills has left the noodles business and sold its resources for Dufil Prima Foods, who are the makers  of Indomie noodles, saying it no longer consider it as vital. 

Dangote Flour Mills, which made the declaration on Tuesday, said keeping in mind the end goal to smoothen the move, it had offered Dufil the utilization of some of its  facilities on an interim basis.

The GMD, Dangote Flour Mills, Thabo Mabo, said the divestment is part of strategies of focusing on core areas of flour and pasta production, where the company has substantial market share.

He said that with the divestment, Dangote Flour would now focus on its strengths in flour and pasta and become more profitable by improving in areas of quality, distribution and marketing.

With the new development, some former employees of Dangote noodles would transit to Indomie.

Looks like Indomie is still the leader in the noodles business in Nigeria.


Post a Comment


Copyright © 2014 Latest News in Nigeria Today & Latest Nigeria Entertainment News • All Rights Reserved.
Template Design by BTDesigner Published.. Blogger Templates • Powered by Blogger
back to top