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March 7, 2018

Matco Foods, Chinese firm sign deal

Business

March 7, 2018

KARACHI: Matco Foods Limited signed an agreement for the supply of 20,000 tons/annum rice glucose manufacturing plant with Beijing Meckey Engineering Co, a statement said on Tuesday.

This new expansion will increase the total production capacity of the company to 30,000 tons rice glucose and 3,000 tons rice protein per annum, respectively.

Khalid Ghori, CEO of Matco Foods said, “The new plant will include 2,000 tons of rice protein section and also a spray dryer plant to manufacture 2,000 tons of maltodextrin/ year, which will contribute towards import substitution.”

Matco Foods is committed to ensuring the best quality food products for its customers around the world.

The company’s steep ascent as the customers’ preferred brand in the local and international markets reflects its remarkable success in keeping its long-term pledge to its customers.

In a historic milestone, Matco Foods Limited was formally listed on the Pakistan Stock Exchange (PSX) in the first IPO for the year 2018, adding another company in the Food Sector on the PSX board, the statement said.

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