TOMCL makes history with cooked beef exports to China

January 01, 2024 (MLN): The Organic Meat Company Limited (PSX: TOMCL) now stands as the first company from South Asia to have successfully exported cooked/heat treated frozen beef meat products to the Peoples' Republic of China on December 31, 2023.

The aforesaid information was disseminated through a notice sent to the local bourse today.

The Peoples' Republic of China holds the distinction of being the world's largest meat importer, importing approximately 3.10 million metric tonnes of beef and mutton meat during 2022.

TOMCL has secured a unique position as one of only two companies to have obtained a license for exporting cooked beef meat products to China from South Asia.

With these notable approvals and commencement of active exports to mainland China, The Organic Meat Company Limited is set to explore new horizons, anticipating significant growth in export volumes and turnover.

“We are confident that this milestone will not only enhance the company's standing in the industry but also generate substantial value for our esteemed shareholders,” the notice reads.

The company expressed its confidence on the positive impact this new product line and geographic location opening will have on its business and are excited about the opportunities that lie ahead, as well as generate good value for its shareholders, it said.

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