Unity Foods to acquire operational refinery with 500,000 tons capacity

Unity Foods plans to expand its existing capacity via acquisition of an existing operational refinery with a capacity of 500,000 metric tons per year.

According to a notification on the Pakistan Stock Exchange, after negotiations and acquisition, the management of the company plans to make required improvements in the plant to bring it to state-of-the-art standards with capability to produce specialty fats.

“We are pleased to announce that in pursuance of its commitment to expand the business of the Company, the management has decided to seek the expansion of its oil refining capacity. The current oil refining capacity of the Company comprise its oil refinery located in SITE Karachi, which has a capacity to refine 150,000 metric ton per year of edible oil,” said the company via its announcement.

As part of its expansion plan, the company has recently announced its plans to launch an edible oil brand called 'Dastak' which the company plans to retail by September 2018. According to Unity Foods, the decision to launch the brand followed months of successful oil refining after the comany commenced commercial operations of its edible oil refinery in February 2018.

Unity Foods Ltd. is currently processing Soft Oils such as Soybean, Canola, Sunflower, rapeseed oils & Palm oils to further refine the same in its close knitted integrated value chain of raw material treated in state-of-the-art plant facilities. It is also engaged in providing special and industrial fats such as chocolate fats, Confectionery fat and bakery fats with Culinary and Functional Oil Fats.

It also specializes in providing some finest quality protein supplement to add to the vibrant poultry and livestock enriched feed.

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