Agthia (AGTH.AD) is looking to set up a second feed milling plant that will “significantly increase” the company’s capacity in the division, without citing a planned capacity, said Adrian Stock, Purchasing Director for Agthia Group’s agri-business division in interview at the grains conference in Dubai. The new plant will help cater to domestic demand, particularly for the fast growing poultry farming industry in the UAE. The company’s current capacity is c670ktpa and is operating near full-utilisation. (Bloomberg) Agthia Group (AD): AED7.32 as of 18 May 2016, Rating: Buy, FV: AED9.45 per share, MCap: USD1,197 million, AGTHIA UH / AGTH.AD
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