Business News, Investors Bite

Transformation Strategy: Union Dicon Signs HOA with PNG Gas, to Acquire Rice Farming operations

Posted by InvestAdvocate on

More in Business News:

L – R show Mr. Bex Nwawudu, Deputy Managing Director, Union Dicon Salt Plc; Mr. Chuka Mordi, Managing Director/Chief Executive Officer, Union Dicon Salt Plc; Ms. Tinuade Awe, General Counsel and Head, Regulation, The Nigerian Stock Exchange (NSE) and Colonel Henry Mgbemena (Rtd), Executive Director, Union Dicon Salt Plc at the Facts Behind the Restructuring at the Exchange today.
July 11, 2016/NSE

In a continuation of its strategic plan to becoming a fully integrated Agro Industrial National champion, Union Dicon Salt has signed a Heads of Agreement with PNG Gas in Delta State to supply gas to its proposed starch processing plant in Umutu in Delta State.

Furthermore, it is in final stages of negotiation to acquire the 2nd largest rice farm in Nigeria.
Union Dicon Salt Plc (NSE: UNIONDICON) operates in the Nigerian Consumer Goods Sector.

UDS Plc has been diversifying into the Agro Industrial Sector, with an initial concentration of Cassava, and Starch processing.

UDS Plc IS building the largest industrial starch processing facility in Nigeria.

Leave a Comment

Your email address will not be published. Required fields are marked *

*