AIRLINK 197.90 Decreased By ▼ -0.07 (-0.04%)
BOP 10.00 Decreased By ▼ -0.04 (-0.4%)
CNERGY 7.27 Decreased By ▼ -0.02 (-0.27%)
FCCL 36.55 Increased By ▲ 0.55 (1.53%)
FFL 16.85 Decreased By ▼ -0.06 (-0.35%)
FLYNG 25.58 Increased By ▲ 0.54 (2.16%)
HUBC 135.60 Increased By ▲ 1.57 (1.17%)
HUMNL 14.02 Decreased By ▼ -0.12 (-0.85%)
KEL 4.80 Increased By ▲ 0.02 (0.42%)
KOSM 6.94 No Change ▼ 0.00 (0%)
MLCF 45.48 Increased By ▲ 0.50 (1.11%)
OGDC 217.65 Decreased By ▼ -0.58 (-0.27%)
PACE 6.97 Increased By ▲ 0.03 (0.43%)
PAEL 41.19 Decreased By ▼ -0.23 (-0.56%)
PIAHCLA 16.99 Increased By ▲ 0.13 (0.77%)
PIBTL 8.46 No Change ▼ 0.00 (0%)
POWER 9.46 Increased By ▲ 0.07 (0.75%)
PPL 184.25 Decreased By ▼ -1.68 (-0.9%)
PRL 41.16 Decreased By ▼ -0.11 (-0.27%)
PTC 24.90 Increased By ▲ 0.13 (0.52%)
SEARL 103.50 Decreased By ▼ -1.15 (-1.1%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.75 Decreased By ▼ -0.16 (-0.39%)
SYM 17.88 Decreased By ▼ -0.17 (-0.94%)
TELE 8.91 No Change ▼ 0.00 (0%)
TPLP 12.80 Decreased By ▼ -0.04 (-0.31%)
TRG 66.99 Increased By ▲ 0.39 (0.59%)
WAVESAPP 11.36 Increased By ▲ 0.06 (0.53%)
WTL 1.79 Increased By ▲ 0.01 (0.56%)
YOUW 3.99 Decreased By ▼ -0.01 (-0.25%)
BR100 12,105 Decreased By -4.4 (-0.04%)
BR30 36,565 Decreased By -32.6 (-0.09%)
KSE100 115,176 Increased By 133.7 (0.12%)
KSE30 36,199 Decreased By -1 (-0%)

Pakistani meat processor The Organic Meat Company Limited (TOMCL) has completed the first phase of its operations expansion project, allowing it to meet GCC (Gulf Cooperation Council) market demand.

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

“We announce the completion of the first phase of our operational expansion project,” read the notice.

Without delving into financial details, the company, in its notice, informed that the phase is part of the ongoing expansion at its Gadap processing facility, which entails a 30% increase in its chilled product capacity.

TOMCL shared that implementing this expansion phase is ‘strategically’ aimed at meeting the growing demand for its products in the GCC markets and will cater to a wider export base.

“The company is positioning itself to capitalize on emerging opportunities and cater to the evolving needs of our customers in the wider GCC region,” it added.

“We believe that this expansion not only strengthens our position in existing markets but also opens up avenues for sustained growth and profitability.”

Middle Eastern countries are TOMCL’s major export market. Last week, the company said it had secured another multi-million dollar contract valued at $4 million to export frozen boneless beef to the United Arab Emirates (UAE).

Apart from GCC, the company has significant business in Far East, Commonwealth of Independent States, and South Asian markets.

It also claims to be the first Pakistani company to initiate the export of vacuum-packed fresh beef meat and the only company in the region owning the technology to vacuum pack or blast freeze mutton and quarter beef carcasses.

Comments

Comments are closed.

Tariq Qurashi May 02, 2024 02:31pm
The TOMCL is trail-blazing and exploring new markets in the Middle East which is a great initiative. The Muslim world as a whole is also probably a huge market for our produce. Well done!
thumb_up Recommended (0)
Ziauddin Khan May 02, 2024 11:21pm
Good work
thumb_up Recommended (0)