Fruit maker Milly seeks Sh219.6mn from investor for Mombasa plant
Milly Fruits Processors Ltd, a fruit processing company based in Mombasa, is seeking a strategic investor for its $1.7 million (Sh219.6 million) project to establish a new processing plant.
The facility is designed to handle 5,000 metric tons (MT) of raw fruits annually, with a target to double capacity by the third year.
The new plant will focus on producing 850 MT of premium dehydrated fruits, including mangoes, pineapples, and coconuts.
The Picana maker aims to serve both export and domestic markets, utilizing advanced technology in its processing units to ensure high-quality output.
“This initiative not only aims to reduce post-harvest losses and increase farmers’ income by supporting them to adopt the GLOBAL GAP standard but also strives to make farming commercially viable and generate significant rural employment,” the firm said.
Milly Fruits Processors Ltd expects the new investment to create 80 jobs, boosting local employment opportunities and contributing to the regional economy.
“Projected annual sales are anticipated to reach $1.2 million USD, bolstered by Milly Fruits’ established presence in the fruit processing industry and its commitment to high standards like HACCP for food safety,” it added.
The corporation also announced plans to incorporate solar energy into its operations, aiming to produce at least 15 percent of its products using renewable energy.
