Anglo African Agriculture Increases Spice Volume As Orders Outstrip Supply

Anglo African Agriculture PLC on Friday said the first quarter of 2017 found a 53% elevation in earnings to ZAR10.6 million from its food manufacturing business, which on a sterling basis more than doubled year-on-year.

The organization said volumes of food flavourings of 2017 in the first three months were up 6% year-on- year.

Anglo African Agriculture said production capacity in the spices manufacturing plant has more than trebled after new milling equipment was installed during the time, while “strong customer demand” continues to surpass factory output.

Anglo African Agriculture said new spice product ranges will likely be launched in 2013 to offer assurance concerning the remainder of 2017 to it.

“The business’s company is growing quite strongly now, and we continue to find increasing customer demand for our specialty spices, food additives and seasoning. Orders continue to exceed the company’s ability to satisfy demand for Dynamic’s products supplied for the mass food manufacturing sector,” said Chairman David Lenigas.

http://www.lse.co.uk/AllNews.asp?code=wo538yfw&headline=Anglo_African_Agriculture_Ups_Spice_Capacity_As_Orders_Outstrip_Supply

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