Union Dicon Salt Plc Continues Implementation Of Transformation Strategy; Signs HOA with PNG Gas

Proshare

Monday, July 11 2016 3:15PM /NSE

· Union Dicon Plc signs HOA with PNG Gas.
· In Final negotiations to acquire Rice Farming operations

In a continuation of its strategic plan to becoming a fully integrated Agro Industrial National champion, Union Dicon Salt has signed a Heads of Agreement with PNG Gas in Delta State to supply gas to its proposed starch processing plant in Umutu in Delta State.

Furthermore, it is in final stages of negotiation to acquire the 2nd largest rice farm in Nigeria.
Union Dicon Salt Plc (NSE: UNIONDICON) operates in the Nigerian Consumer Goods Sector.

UDS Plc has been diversifying into the Agro Industrial Sector, with an initial concentration of Cassava, and Starch processing.

UDS Plc IS building the largest industrial starch processing facility in Nigeria.

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