{"id":46063,"date":"2019-07-03T07:44:08","date_gmt":"2019-07-03T06:44:08","guid":{"rendered":"https:\/\/brandspurng.com\/?p=46063"},"modified":"2019-07-03T07:44:08","modified_gmt":"2019-07-03T06:44:08","slug":"flour-mills-plc-affirm-to-increase-its-revenue-to-n1-2-trillion-in-next-5-years","status":"publish","type":"post","link":"https:\/\/brandspurng.com\/2019\/07\/03\/flour-mills-plc-affirm-to-increase-its-revenue-to-n1-2-trillion-in-next-5-years\/","title":{"rendered":"Flour Mills Plc Affirm To Increase Its Revenue To N1.2 Trillion In Next 5 years"},"content":{"rendered":"
<\/div>

The directors of Flour Mills of Nigeria Plc has reassured trade partners of a proposal to increase the company\u2019 production capacity in the next five years. The organisation also drafted an ambitious business plan for the next five years.<\/strong><\/em><\/p>\n

Group Managing Director of the company, Paul Gbededo, told stakeholders, including distributors at the 2019 Distributor\u2019 Award that the 59-year-old company was targeting to double its business within this period from N600 billion income to over N1.2 trillion in 2024.<\/p>\n

He declared that the strategy of the business expansion of the company which has over the years diversified into fast moving consumer goods was not only organic growth but acquisitions and partnerships.<\/p>\n

The Managing Director, who revealed that the organisation now controls about 42 per cent of the flour business in Nigeria, stated that the business expansion was to ensure that the vision of feeding the nation and Africa is realized.<\/p>\n

\u201cValue and job creation is our focus and that will be in the downstream. It is not just good to acquire assets in the upstream but we need to focus on the downstream and create more value,\u201d he stated.<\/p>\n

To ensure continuous business growth, the manufacturing company rewarded its business partners for their contributions to the FMN business growth. The event which was attended by over 500 guests, culminated in the handing over of 17 trucks to the top performing dealers. Top five dealers were celebrated with the special award of 30-ton trucks and trailers which further expands their business model with primary distribution capability.<\/p>\n

This year\u2019s conference theme, \u201cBreakthrough partnering for growth,\u201d looked back at the rich and unique heritage the company shares with its partners and reinforced the continued commitment towards mutual profitability and growth.<\/p>\n

\u201cOur success story as the leading consumer business in Nigeria, will not be complete without our esteemed dealers and partners who form an integral part of how we are achieving our purpose of feeding the nation every day.\u2019 As we continue to look towards the future, our aim is essentially to promote stronger ties with our partners, because we know that the sustainability and future growth of our business depend on it\u201d Gbededo said.<\/p>\n

In his comment, Managing Director, Foods division of the company, Devlin Hainsworth, said: \u201cAfter nearly sixty years of doing business in Nigeria, we can say that there are very few companies in Nigeria today, who understand the business environment as we do. FMN has a culture of winning, that is backed with a robust portfolio of quality products many bearing the Golden Penny name, and sound consumer and market fundamentals that are necessary to drive sustainable future growth\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The directors of Flour Mills of Nigeria Plc has reassured trade partners of a proposal to increase the company\u2019 production capacity in the next five years. The organisation also drafted an ambitious business plan for the next five years. Group Managing Director of the company, Paul Gbededo, told stakeholders, including distributors at the 2019 Distributor\u2019 […]<\/p>\n","protected":false},"author":1,"featured_media":41133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5,312,7],"tags":[3932,7904,6771,19408],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2019\/05\/flour-mills-brand-spur.jpg?fit=700%2C400&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p8rAyM-bYX","jetpack-related-posts":[{"id":79751,"url":"https:\/\/brandspurng.com\/2020\/11\/26\/flour-mills-nigeria-gmd-acquires-shares-worth-%e2%82%a6172-2million\/","url_meta":{"origin":46063,"position":0},"title":"Flour Mills of Nigeria GMD acquires shares worth \u20a6172.2million","author":"Esan Bolaji","date":"November 26, 2020","format":false,"excerpt":"The management of Flour Mills of Nigeria Plc disclosed in a statement filed with the Nigerian Stock Exchange that Paul Miyonmide Gbededo, the Group Managing Director\/Chief Executive Officer, purchased 6,150,691 shares in the company. In a statement signed by Umolu Joseph, the Company Secretary and Director, Flour Mills of Nigeria,\u2026","rel":"","context":"In "Business & Economy"","block_context":{"text":"Business & Economy","link":"https:\/\/brandspurng.com\/category\/business-economy\/"},"img":{"alt_text":"GMD_Paul-Miyonmide-Gbededo Brandspurng Flour Mills of Nigeria GMD acquires shares worth \u20a6172.2million","src":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/11\/GMD_Paul-Miyonmide-Gbededo-Brandspurng-Flour-Mills-of-Nigeria-GMD-acquires-shares-worth-\u20a6172.2million.jpg?fit=400%2C500&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":33123,"url":"https:\/\/brandspurng.com\/2019\/01\/30\/flour-mills-of-nigeria-plc-releases-q3-2018-results-with-return-to-volume-and-revenue-growth\/","url_meta":{"origin":46063,"position":1},"title":"Flour Mills of Nigeria Plc releases Q3 2018 results, with return to Volume and Revenue Growth…","author":"Brand Spur","date":"January 30, 2019","format":false,"excerpt":"Flour Mills of Nigeria Plc. today released its unaudited financial statements for the nine months ended 31st December 2018. Key Highlights Flour Mills Group (The\u00a0Group): Volume growth accelerated in Q3\u00a0driving the overall\u00a0revenue\u00a0growth for the quarter.\u00a0Group revenue was N401\u00a0billion, for the nine months ended 31st\u00a0December 2018,\u00a0a\u00a0decline of 6% when compared to\u2026","rel":"","context":"In "Agro News"","block_context":{"text":"Agro News","link":"https:\/\/brandspurng.com\/category\/agro-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2017\/08\/Flour-mill-brand-spur.jpg?fit=1200%2C573&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2017\/08\/Flour-mill-brand-spur.jpg?fit=1200%2C573&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2017\/08\/Flour-mill-brand-spur.jpg?fit=1200%2C573&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2017\/08\/Flour-mill-brand-spur.jpg?fit=1200%2C573&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2017\/08\/Flour-mill-brand-spur.jpg?fit=1200%2C573&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":35833,"url":"https:\/\/brandspurng.com\/2019\/03\/11\/flour-mills-of-nigerias-shareholders-approve-merger-of-five-subsidiaries\/","url_meta":{"origin":46063,"position":2},"title":"Flour Mills of Nigeria\u2019s shareholders approve merger of five subsidiaries","author":"Brand Spur","date":"March 11, 2019","format":false,"excerpt":"Flour Mills of Nigeria Plc (FMN), an agro-allied company, has received approval from its shareholders to merge five of its subsidiaries with its holding company under a Scheme of External Restructuring. The merger involves; Golden Noodles Nigeria Limited, Golden Transport Company Limited, FMN Cement Industries (Nigeria) Limited, New Horizon Flour\u2026","rel":"","context":"In "Agro News"","block_context":{"text":"Agro News","link":"https:\/\/brandspurng.com\/category\/agro-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2018\/04\/FlourMillsNigeria-wheat-seeds-multiplication-initiative-BRANDSPUR.jpg?fit=640%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2018\/04\/FlourMillsNigeria-wheat-seeds-multiplication-initiative-BRANDSPUR.jpg?fit=640%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2018\/04\/FlourMillsNigeria-wheat-seeds-multiplication-initiative-BRANDSPUR.jpg?fit=640%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":68367,"url":"https:\/\/brandspurng.com\/2020\/08\/03\/flour-mills-of-nigeria-plc-finishes-strong-with-a-record-184-growth-in-after-tax-profit\/","url_meta":{"origin":46063,"position":3},"title":"Flour Mills of Nigeria Plc Finishes Strong With A Record 184% Growth In After-Tax Profit","author":"Esan Bolaji","date":"August 3, 2020","format":false,"excerpt":"Flour Mills of Nigeria Plc (referred to as \u201cFlour Mills \u201cor \u201cFMN\u201d), Nigeria's leading integrated food business and agro-allied Group, today announced its audited 2019\/20 financial results, showing remarkable growths in all three key segments of Food, Agro-Allied and Sugar. 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Paul Gbededo's career with the FMN Group started at the Nigerian Bag Manufacturing Company (BAGCO)\u2026","rel":"","context":"In "Business & Economy"","block_context":{"text":"Business & Economy","link":"https:\/\/brandspurng.com\/category\/business-economy\/"},"img":{"alt_text":"Paul_Miyonmide_Gbededo_Brandspur_Flour Mills of Nigeria appoints new CEO as Paul Gbededa takes a bow","src":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/12\/Paul_Miyonmide_Gbededo_Brandspur_Flour-Mills-of-Nigeria-appoints-new-CEO-as-Paul-Gbededa-takes-a-bow.jpg?fit=1000%2C1000&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/12\/Paul_Miyonmide_Gbededo_Brandspur_Flour-Mills-of-Nigeria-appoints-new-CEO-as-Paul-Gbededa-takes-a-bow.jpg?fit=1000%2C1000&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/12\/Paul_Miyonmide_Gbededo_Brandspur_Flour-Mills-of-Nigeria-appoints-new-CEO-as-Paul-Gbededa-takes-a-bow.jpg?fit=1000%2C1000&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/12\/Paul_Miyonmide_Gbededo_Brandspur_Flour-Mills-of-Nigeria-appoints-new-CEO-as-Paul-Gbededa-takes-a-bow.jpg?fit=1000%2C1000&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":80447,"url":"https:\/\/brandspurng.com\/2020\/12\/04\/flour-mills-of-nigeria-plc-announces-omoboyede-olusanya-as-new-group-md-ceo\/","url_meta":{"origin":46063,"position":5},"title":"Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD\/CEO","author":"Esan Bolaji","date":"December 4, 2020","format":false,"excerpt":"Lagos, Nigeria; December 3, 2020 - Flour Mills of Nigeria Plc, Nigeria's leading integrated food business and Agro-allied group, owners of the iconic brand - 'Golden Penny,' today announced the appointment of Mr. Omoboyede Olusanya as its new Group Managing Director\/Chief Executive Officer, effective 1St January 2021. Mr. Olusanya who\u2026","rel":"","context":"In "Business & Economy"","block_context":{"text":"Business & Economy","link":"https:\/\/brandspurng.com\/category\/business-economy\/"},"img":{"alt_text":"Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD CEO Brandspurng","src":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/12\/Flour-Mills-of-Nigeria-Plc-Announces-Omoboyede-Olusanya-as-New-Group-MD-CEO-Brandspurng.jpg?fit=500%2C500&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/posts\/46063"}],"collection":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/comments?post=46063"}],"version-history":[{"count":0,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/posts\/46063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/media\/41133"}],"wp:attachment":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/media?parent=46063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/categories?post=46063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/tags?post=46063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}