MARSA, MALTA — Federated Mills, the only flour mill in Malta, has announced plans to invest €14.4 million ($16.3 million) to build a new facility in Corradino in Malta, according to Times of Malta.

The two-year investment will be supported by Malta Enterprise, an international trade consultant in Pieta, Malta. The two-year timeframe will give Federated Mills time to move its operations from Marsa, Malta, to the new location, the Times of Malta said.

The news outlet said the €14.4 million investment will include the construction of a new plant and the purchase of a production system equipped and designed from the company’s milling needs. It also will include the purchase of sustainable and modern equipment to improve production and efficiency.

“Investments by local companies are a reflection of a resilient Maltese sector, despite the pandemic,” Energy Minister Miriam Dalli said. “The government continues to support such local companies to ensure that they can continue to operate and invest in their future.”