Flour Mills of Nigeria Plc (FMN) has reiterated its resolve to continue to invest in local production, in line with the drive of the federal government.
John Coumantaros, Chairman of the FMN Group, said this in his speech at the company’s 57th annual general meeting that took place in Lagos recently.
Though the operating environment had been tough and challenging, Coumantaros urged shareholders of the company to look to the future with confidence that the Group’s prospects were promising and bright while the fundamentals were strong.
“We shall keep maintaining our wide portfolio of high quality consumer food options and step up our input of locally sourced raw materials, thereby supporting the livelihood of Nigerian businesses.
“We shall continue to invest in our growing portfolio of localised products in support of the nation’s economy.
“As we strive to further restructure our operations, streamline our business operations to focus on core businesses, constantly monitor and manage our costs optimally, improve and re-engineer our existing product range, we will focus on innovation and develop new strategies for the market, making our products more visible and available at points of sale,” he added. (Thisday)
