Presco to finish new mill in 2025

Presco Plc, an oil palm producer in Nigeria, has introduced plans to finish its new mill at Ato Property by 2025 as a part of its enlargement technique.

Talking throughout the firm’s end-of-year social gathering held lately in Benin-Metropolis, Edo State, the Managing Director/Chief Government Officer, Reji George, highlighted the record-breaking manufacturing ranges achieved in 2024, the best within the firm’s historical past.

George counseled employees members for his or her resilience and professionalism, describing them as invaluable belongings that drove the corporate’s distinctive achievements. He additionally prolonged gratitude to shareholders, prospects, the Chairman of Presco Plc, Olakanmi Sarumi, Group Chief Government Officer, Felix Nwabuko, and different stakeholders for his or her contributions.

The MD praised the manufacturing, processing, and gross sales groups for his or her roles in attaining the corporate’s targets and expressed confidence that the brand new mill would additional improve Presco’s operational effectivity.

George outlined enlargement plans for 2025, affirming the corporate’s give attention to sustainable progress and innovation. He emphasised the significance of teamwork and a renewed dedication to excellence in sustaining Presco’s management place within the business.

He expressed gratitude to Presco’s companions and the communities it serves for his or her continued help and prolonged his greatest needs for a joyous Christmas and a affluent New Yr.

The PidomNigeria reported that Presco Group Plc introduced a revenue after tax of N38.8bn for the primary half of 2024, a 157 per cent year-on-year progress from N15.1bn recorded in the identical interval final 12 months.