August 26, 2022 (MLN): Matco Foods Limited (PSX: MFL) has announced the successful commissioning and commercial operations of its new 72,000 MT per year Corn Starch Plant, located in Allama Iqbal Industrial City, Special Economic Zone Faisalabad, FIEDMC, the company's filing on PSX showed.
The plant went through extensive testing and thorough inspection before commissioning, hence, the Commercial Operations Date (COD) is marked as August 26, 2022.
The Corn Starch Plant has been completed in record time since groundbreaking in 2021 with the dedication of all stakeholders.
They acknowledged shareholders, staff, equipment suppliers & technology partners, financial institutions and government bodies including FIEDMC, BOI, PBIT and FESCO for achieving this milestone.
The project has created new job directly and indirectly, provided economic opportunities for farmers, and will earn vital foreign exchange through exports as well.
Matco is a dedicated partner of Pakistan's industrial vision and is among the Top 100 Exporters from the country. We are committed to diversifying the industrial base and providing value addition for our stakeholders and for Pakistan's economy.
