Honeywell Flour Mills Plc
NNSENG:HONYFLOUR17.50
NGN
0.00
(0.00%)
Honeywell Flour Mills Plc
NSENG:HONYFLOUR
(Nigerian Stock Exchange)
Recent
price
17.50
P/E
ratio
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div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.- Similar Companies
- Business
- Honeywell Flour Mills Plc is a Nigeria-based food manufacturing and consumer goods company that produces, processes, and markets wheat-based food products for household, commercial, and industrial consumers. Founded in 1983 as Gateway Honeywell Flour Mills Limited and commencing commercial milling operations in 1998, the company is headquartered in Apapa, Lagos, Nigeria, and operates as a subsidiary of Flour Mills of Nigeria Plc, with its shares publicly traded on the Nigerian Exchange under the ticker HONYFLOUR. The company operates through integrated grain processing, milling, and packaging divisions that serve domestic and regional West African markets. Its core product portfolio is systematically categorized into: bakery and industrial flour products, including Honeywell Super Fine Flour for commercial bread bakers and confectioners, and Honeywell Brown Flour for whole wheat baking; packaged staple food meals, including Honeywell Semolina and Honeywell Wheat Meal for domestic consumption; pasta products, comprising Honeywell Spaghetti and Honeywell Macaroni in standard and slim variations; and convenience foods, featuring the Honeywell Noodles line distributed in multiple flavors and pack sizes. The company manufactures its product lines across dedicated facilities in Nigeria, including a port-based flour and semolina milling facility at Tin Can Island Port in Apapa, Lagos, and a food processing and pasta manufacturing complex in Sagamu, Ogun State. In recent corporate and strategic developments, Honeywell Flour Mills Plc underwent a major ownership transition following the acquisition of a controlling 76.75% equity stake by Flour Mills of Nigeria Plc, integrating the company into one of Africa's largest food and agribusiness conglomerates to achieve supply chain synergies, expand distribution reach, and optimize milling capacities. Under this strategic integration, the company executed a comprehensive brand relaunch across its pasta, noodles, semolina, and wheat meal product lines, introducing updated visual packaging, fortified nutritional profiles, and varied packaging formats designed to enhance affordability and reach across diverse consumer segments. Additionally, the company has focused on operational turnaround and cost-efficiency initiatives across its Apapa and Sagamu manufacturing plants to scale production volume, enhance local wheat value-chain sourcing, and support food security across Nigeria.