Presco PLC
NNSENG:PRESCO2,045.30
NGN
0.00
(0.00%)
Presco PLC
NSENG:PRESCO
(Nigerian Stock Exchange)
Recent
price
2,045.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Presco PLC is an integrated agro-industrial company engaged in the cultivation of oil palm plantations, milling of fresh fruit bunches, crushing of palm kernels, and the downstream refining and fractionation of vegetable oils. Founded in 1991 with agricultural roots dating back to the 1970s, the company is headquartered at the Obaretin Estate in Benin City, Edo State, Nigeria, and operates as a key subsidiary of the Belgian agro-industrial group Société d’Investissement pour l’Agriculture Tropicale (SIAT SA). Presco manages an integrated agricultural and processing footprint across Nigeria and West Africa, serving industrial food processors, fast-moving consumer goods manufacturers, oleochemical producers, soap makers, and animal feed millers. The company operates through specialized plantation, milling, refinery, and crushing segments, producing a diverse portfolio of palm-based products and agricultural services. Its product and service offerings comprise crude palm oil (CPO) extracted from fresh fruit bunches; crude and refined palm kernel oil (PKO); refined, bleached, and deodorized palm oil (RBDPO) used in packaged food processing; palm olein utilized as premium liquid cooking oil and industrial frying fat; palm stearin formulated for margarines, solid shortenings, and bakery fats; specialty vegetable fats and tailored lipid solutions for the confectionery and baking industries; palm fatty acid distillate (PFAD) supplied to oleochemical and animal nutrition manufacturers; palm kernel cake (PKC) sold as high-protein livestock feed; soap noodles and fat-based inputs for soap, detergent, and cosmetic manufacturing; and oil palm seedling propagation, nursery management, and agricultural advisory services. In recent strategic developments, Presco has undertaken substantial corporate restructuring and regional expansion to consolidate SIAT Group's edible oil assets across West Africa. The company executed the full equity acquisition of Ghana Oil Palm Development Company (GOPDC) in Ghana and Saro Oil Palm Limited in Nigeria in a transaction valued at approximately 171.6 million dollars, substantially broadening its operational capacity, customer base, and foreign exchange revenue streams. Additionally, Presco expanded its agricultural land holdings by acquiring 10,000 hectares of plantation land across the Nsadop and Boki estates in Cross River State, Nigeria, augmenting its established plantation assets in Edo and Delta States and supporting ongoing increases in milling and refinery throughput.