Flour Mills of Nigeria Plc

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2022 BSM Index

TOP 50 BRANDS NIGERIA® 2022

 
#24 Flourmill of Nigeria Plc
BSM Index

58.5

 YoY –
CEO/GMDOmoboyede Olusanya
Year Founded (in Nigeria) 1960
Websitewww.fmnplc.com
Head Office

1 Golden Penny Place Wharf Road Apapa-Lagos

Nationality NG
Customer Base
 Number of Branches –
 Annual TurnoverN1.2 trillion
Employees over 12,000
 Marketing Budget –

Flour Mills of Nigeria Plc (FMN), is a strong leader within the food and agro-allied sector, providing superior quality and nutritious products as part of its commitment to feeding the nation, every day.

With huge investment towards attaining Nigeria’s food self-sufficiency goals since 1960, the Group’s operations can be categorized into four major sectors – Foods, Agro-allied, Sugar, and Support services. FMN creates value along the entire food chain with its “farm-to-table” model by providing inputs and know-how to farmers, aggregating and sourcing crops and raw materials to supply its world-class processing facilities across Nigeria, and distributing its innovative food brands to its customers.

FMN is the owner of the iconic food brand, Golden Penny, a leading food brand with a broad basket of quality products. Some of these are Golden Penny flour, pasta, semolina, sugar, starch, oil, spreads, and breakfast cereal.

The group operates 17 modern and best-in-class manufacturing facilities across 12 states with production capabilities across grain milling, edible oil and sugar refining, agro-inputs, and animal nutrition and proteins. FMN’s logistics and distribution, packaging, and port operation are also among Nigeria’s best in class.

Flour Mills has also participated in the NSMP and Backward Integration Plan (BIP) since 2012 through its subsidiary, Golden Sugar Company situated on the Niger river in Niger state. More than N73 billion has already been invested to establish the sugar estate of 3,500ha of irrigated sugar cane and a Sugar Factory with a 3,000 tons per day milling capacity.  Once the development is completed 150,000 tons of sugar will be produced per year. 

FMN recently launched a 100% wholly made-in-Nigeria brown sugar, Sunti Brown Sugar, this is in addition to being the sole manufacturer of brown sugar in Nigeria.

FMNPLC in strategic partnership with the Flour Milling Association of Nigeria (FMAN), has been able to aggregated over 8,000 tonnes of wheat grain across three Nigerian states; directly supported over 2,000 smallholder farmers, targeted at improving crop yield and profitability. This is a part of its focus to enhancing local production of wheat

FMN remains committed to a systematic and disciplined approach to the developmental requirements of the communities where it operates and the environment and will continues to feed the nation everyday through content localization and strategically agile business operations and structure.