Forafric as one of the leading Moroccan groups in grain trading and processing, recently agreed with Alapala for their new milling investment under its development plan. The huge project includes the capacity extension of their 3 existing mills as well as the construction of 3 new mills in Morocco, which will be supplied and installed in turnkey basis by Alapala.
Forafric Group currently represents a wheat crushing capacity of 2.420 metric tons per day. With this new investment, the company will increase its wheat and durum processing capacity by 2.370 metric tons per 24 hours over the next 30 months.
The financial value of Forafric’s new investment including all components, buildings, equipment, and working capital requirements is around 1 billion Moroccan Dirhams.
Mustapha Jamal Eddine, Forafric Maroc CEO said that “Over the last four years, we have been focusing on improving our processes, cost basis and market penetration. Today, we are opening new era of development in order to take advantage of the synergies, improve our cost basis and to consolidate our market position in Morocco, the first market for our group.”
Not only in Morocco, Alapala is very active in all over the Africa region with its local existence via offices, branches, and wide representative network, as well as numerous flour, semolina, and maize mill references throughout the region ie. Zambia, Angola, Kenya, Senegal, Morocco, Tanzania, Mozambique, Somaliland, and Ghana. With this agreement, Alapala also added another very important reference to their existing project portfolio in the North Africa region.
Can Gürcan, General Manager of Alapala said that ‘’ We feel very proud to have another important customer in Morocco. We are aware that Africa has many business opportunities in the milling industry, and we congratulate Forafric Group again for their ongoing investments. As Alapala, we will also keep expanding our local investments and operations in Africa, as Morocco will be our one of the leading target countries.”