JEDDAH, SAUDI ARABIA — Modern Mills Co. plans to construct a new animal feed plant with an annual capacity of 422,000 tonnes at its Al-Jumum facility in western Saudi Arabia with an estimated cost of SAR 150 million ($39.9 million).
Following regulatory approvals and securing a contractor, the project, which was approved by the company board on Dec. 9, is expected to be completed in the fourth quarter of 2026, the company said in its announcement on the Saudi Stock Exchange. Commercial production is expected to begin toward the end of the quarter after a one-month trial period.
“This project is launched as per the company’s strategy that aims at diversifying its products, covering growing demand in western region, achieving leadership and innovation in the field of animal feed industry, coinciding with the Kingdom food security in line with 2030 Vision,” Modern Mills said.
Modern Mills is a national milling and nutrition company with an established market position across flour, animal feed and animal bran. The company produces 368,000 tonnes of feed annually as of 2023.
Modern Mills, which listed on the main market of the Saudi Exchange in March, reported revenue of SAR 480.79 million ($127.95 million) in the second quarter of 2024.
