Logo of First Mills
First Milling Co. (First Mills) announced the launch of operations at Mill C in Jeddah plant and the completion of expansion works outlined in the prospectus, in Q4 2023, in line with expectations, according to a statement to Tadawul.
The expansions, part of the company’s debottlenecking initiatives and efforts to boost its market leading position, will increase the Mill C production capacity from 300 tons per day (tpd) to 550 tpd, and accordingly, enhance Jeddah plant’s daily production capacity to 2,500 tpd.
The relevant financial impact will likely appear in Q1 2024 financial results, the statement added.
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