Forafric Global PLC

Forafric Global Plc operates an agribusiness player in Africa with activities in Morocco and Sub Saharan Africa. It is involved in the milling industry with a complete range of flour and semolina, and secondary processing products such as pasta and couscous. The company was founded on August 21, 2020 and is headquartered in Queensway, Gibraltar.

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CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced it has entered into a 10-year renewable contract to lease and operate an existing milling facility located in the Meknes-Fes region of Morocco. This marks a significant milestone in the expansion of the Company's milling capabilities and positions Forafric for continued growth. This expansion is expected to increase the Company's milling c.

Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI) (“Forafric”), a vertically integrated agribusiness serving Africa, today provided a business update. Recent Business Highlights Achieved record high crushing volume for the first nine months of 2023, with more than 443,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market Completed acquisition of 90% of Société Industrielle de Minoterie du Sud (“SIMS”), a soft wheat milling company with primary operat.

Forafric Provides Business Update

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CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced as part of its strategy to double crushing capacity in Morocco over that next two years, that it has acquired 90% of Société Industrielle de Minoterie du Sud (“SIMS”), a soft wheat milling company with primary operations in Marrakesh. “This acquisition enables us to expand our crushing capacity rapidly by more than 300 tons per day with mi.

Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced that it achieved record high crushing volume over the first half of 2022, with more that 276,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market. Furthermore, Forafric has been able to successfully navigate the international grain markets to secure enough soft wheat to constantly have between 2.5 and 3 months of inv

Forafric Achieves Record High Crushing Volume During First Half of 2022

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced that its fully-owned subsidiary, Forafric Maroc, has entered into an agreement with Alapala Foreign Trade LLC (“ALAPALA”) to expand existing mills and construct new mills to significantly increase its wheat and durum processing capacity. Under the terms of the agreement, ALAPALA will extend three of Forafric Maroc's existing mills and cons

Forafric, a Leading African Agribusiness, Teams with Alapala to Nearly Double Wheat and Durum Processing Capacity

News for Forafric Global PLC Stock (AFRI)