Faisalabad August 26 2022: Matco Foods Limited (MFL) is pleased to announce the successful commissioning and commercial operations of its new 72,000 MT per year Corn Starch Plant, located ,in Allama Iqbal Industrial City, Special Economic Zone Faisalabad, FIEDMC.
The plant went through extensive testing and the rough inspection before commissioning, therefore, the Commercial Operations Date (COD) marked as August 26, 2022.
Our Corn Starch Plant has been completed in record time since ground breaking in 2021 with the dedication of all stakeholders - and we thank our shareholders, staff, equipment suppliers & technology partners, financial institutions and government bodies including FIEDMC, BOI, PBIT and FESCO on achieving this milestone. The project has created new jobs directly and indirectly, provided economic opportunities for farmers, and will earn vital foreign exchange through exports as well.
"Matco is a dedicated partner of Pakistan's industrial vision and amongst the Top 100 Exporters from the country. We are committed to diversifying the industrial base and providing value addition for our stakeholders and for Pakistan's economy." says company's Chairman Mr. Jawed Ali Ghori.
Matco Foods Limited was incorporated on April 14, 1990 in Karachi as a private limited company under the repealed Companies Ordinance, 1984 (Now Companies Act, 2017). The principal acvity of the Company is to carry out the business of processing and export of rice, rice glucose, rice protein and pink salt, masala and kheer.