Anglo African
Agriculture plc
(“AAA” or the
“Company”)
Operational
Update: Expansion of Plant Capacity to Triple Food Production
Anglo African Agriculture plc (LSE: AAAP), the London Main board
listed food manufacturing company announces that it has commenced
work to triple the production capacity of it’s spices manufacturing
facilities in South Africa.
Production capacity of AAA’s 100% wholly owned food
manufacturing and marketing business, Dynamic Intertrade (Pty)
Limited (“Dynamic”), is currently limited to about 80 tonnes of
bespoke spices per month. The planned food processing plant
expansion works now underway should increase overall production
capacity to approximately 250 tonnes per month with the
installation of new spice milling machines which are already
located in the factory. It is anticipated that the upgrades at
Dynamic should be completed and operational by the end of November
this year.
Dynamic operates from a modern 3,000 m² FSSC compliant facility
in Cape Town and is focused on the
manufacture, import and distribution of herbs, spices and
seasonings for the food manufacturing sector.
David Lenigas, the Company’s Chairman, commented:
“The business has required extra production capacity for some
time and the installation of the new milling machines and
associated equipment will allow Dynamic to reduce overall operating
costs whilst allowing extra capacity to manufacture new specialty
lines of batch blended products for the food manufacturing sector,
where we see good potential to really grow the business. We have
already seen new orders and customers in the last month alone for
specialty spice blends for restaurant chains, and we are now
producing new ranges of BBQ spices (branded “Thundergun Grill”),
Curry blends (branded “Chakalaka”) and beef jerky blends (branded
“Dynamic Biltong Spices”).”
For further information, please
contact:
Anglo African Agriculture
plc |
+44 (0) 20 7440 0640 |
David Lenigas,
Non-Executive Chairman
Rob Scott, Non-Executive Director |
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VSA Capital Limited
(Financial Adviser and Broker) |
+44 (0) 20 3005 5000 |
Andrew Raca / James Asensio |
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