On December 20 2024, Rafhan Maize Products Company Limited (Rafhan Maize) notified through Pakistan Stock Exchange (PSX) about plans to initiate negotiations and due diligence for acquiring a silo-based storage facility in Deepalpur.
The company stated that this acquisition is aimed at enhancing the efficiency of its corn supply chain, ultimately allowing Rafhan Maize to better serve its customers.
By securing this strategic facility, the company seeks to strengthen its operations and ensure a more streamlined supply chain for its core product offerings
Rafhan Maize was incorporated in Pakistan. Ingredion Incorporated Chicago. U.S.A., holds majority shares of the Company. The Company uses maize as the basic raw material to manufacture and sell a number of industrial products, principal ones being industrial starches, liquid glucose, dextrose, dextrin and gluten meals.
