The Board of Directors of The Organic Meat Company Limited (PSX: TOMCL) has granted approval for the expansion and upgrade of its production facilities. This strategic move involves a substantial investment of Rs. 600 million, representing a Rs. 150 million increase from the initially approved budgetary estimates.
The expansion focuses on enhancing meat chilling and freezing capacities, positioning TOMCL to meet the rising demand for boneless frozen and heat-treated/cooked frozen beef in international markets.
The targeted export destinations include The United Arab Emirates (UAE), The Kingdom of Saudi Arabia (KSA), Central Independent States (CIS), Republic of Iraq, and The People’s Republic of China (China). TOMCL anticipates significant growth opportunities in these markets and aligns its processing facilities expansion with these expectations.
The management envisions a positive impact on the company’s business and foresees enhanced value for shareholders through this expansion plan. By investing in increased production capabilities, TOMCL aims to strengthen its position in the global meat market and cater to the growing demands of diverse international customers.
