Anglo African Ag PLC Operational Update: Expansion of Plant Capacity

 
TIDMAAAP 
 
4 October 2016 
 
                         Anglo African Agriculture plc 
 
                           ("AAA" or the "Company") 
 
   Operational Update: Expansion of Plant Capacity to Triple Food Production 
 
Anglo African Agriculture plc (LSE: AAAP), the London Main board listed food 
manufacturing company announces that it has commenced work to triple the 
production capacity of it's spices manufacturing facilities in South Africa. 
 
Production capacity of AAA's 100% wholly owned food manufacturing and marketing 
business, Dynamic Intertrade (Pty) Limited ("Dynamic"), is currently limited to 
about 80 tonnes of bespoke spices per month. The planned food processing plant 
expansion works now underway should increase overall production capacity to 
approximately 250 tonnes per month with the installation of new spice milling 
machines which are already located in the factory. It is anticipated that the 
upgrades at Dynamic should be completed and operational by the end of November 
this year. 
 
Dynamic operates from a modern 3,000 m² FSSC compliant facility in Cape Town 
and is focused on the manufacture, import and distribution of herbs, spices and 
seasonings for the food manufacturing sector. 
 
David Lenigas, the Company's Chairman, commented: 
 
"The business has required extra production capacity for some time and the 
installation of the new milling machines and associated equipment will allow 
Dynamic to reduce overall operating costs whilst allowing extra capacity to 
manufacture new specialty lines of batch blended products for the food 
manufacturing sector, where we see good potential to really grow the business. 
We have already seen new orders and customers in the last month alone for 
specialty spice blends for restaurant chains, and we are now producing new 
ranges of BBQ spices (branded "Thundergun Grill"), Curry blends (branded 
"Chakalaka") and beef jerky blends (branded "Dynamic Biltong Spices")." 
 
For further information, please contact: 
 
Anglo African Agriculture plc                       [phone] 
 
David Lenigas, Non-Executive Chairman 
Rob Scott, Non-Executive Director 
 
VSA Capital Limited (Financial Adviser and Broker)  [phone] 
 
Andrew Raca / James Asensio 
 
 
 
 
END 
 

(END) Dow Jones Newswires

October 04, 2016 09:20 ET (13:20 GMT)