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English news

26-Oct-2016

A’Saffa Foods plans OMR45mn expansion to double capacity

A’Saffa Foods on Tuesday said that the company’s board has approved an expansion plan to raise chicken meat production capacity by 100%. The total capital expenditure of the expansion will be OMR45mn. “The expansion project will be implemented in two phases, each phase will be 50%,” the company stated. The expansion project will be funded through a mix of internal accruals and bank finance. (Times of Oman)

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