Saturday, November 24, 2007

A stock to watch in kenya and uganda

A subsidiary of Sameer Group is investing $11.5 million (Sh736 million) in a milk plant in Uganda.

Sameer Agriculture and Livestock Ltd anticipates that the plant would process over 350,000 litres of milk daily when completed early next year.

The construction work for the factory at the Sameer premises on Fifth Street Industrial Area in Kampala has begun.

"We’ll be able to process about 350,000 litres per day, of which 200,000 will be powder milk and 150,000 for the ultra heat treatment milk," said Managing Director Mr A G Gagger.

Sameer’s production capacity has doubled to 60,000 litres of milk per day, up from 35,000 litres when the company took over then Dairy Corporation Limited in August last year.

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