Agro-Chemical and Food Company Limited (ACFC) was established in 1978 to produce power alcohol from sugarcane molasses. This was to be blended with petrol to make gasohol as a national strategy for reducing foreign exchange used to purchase petroleum oil. This programme did not succeed due to non-co… read moreoperation of oil companies and the company, through research and development efforts, shifted to producing various grades of spirits and yeast.
Subsequently, the mandate of the company was changed as follows:
To produce and sell various grades of Spirits and Yeast of very high quality from sugar cane molasses.
To create employment and to generate economic gains for the Government and the Shareholders.
Upon inception the Company was under the Ministry of Energy, however, from 1996, the Company was placed under the Ministry of Agriculture.
Over the years, the company has faced many obstacles due to the ever-changing business environment necessitating constant modernization of technology in production process and systems.
Initially, the Company operated as a monopoly. However, over the last few years, the business environment has changed with the entry of other competitors in the same market. Arising from this and other changes both locally and globally, it has become necessary for the Company to review its business and market strategies.
COMPANY PRODUCTS AND CAPACITY UTILIZATION
The Company’s major products are, Alcohol, Active Dry Yeast (ADY) and Wet Yeast (WY). The installed capacity of the alcohol plant is eighteen (18) million litres of alcohol per year.
The ADY plant has achieved its installed capacity of 1200 tons and requires immediate expansion due to rising demand. Wet yeast, on the other hand has a good potential of acceptance in the bakery segment market.
The new Extra Neutral Alcohol Plant has rejuvenated ACFCs’ market presence. The Company intends to diversify into other new products as a strategy to remain sustainable.
CURRENT OBJECTIVES
To produce quality spirits for potable, industrial and domestic applications.
To produce Active Dry Yeast and wet yeast to satisfy various market segments.
To continually embrace dynamics in technology application to satisfy customer needs and monitor a consistent growth of profitability.
Procure adequate land for expansion.
01. OUR VISION
To be the global leader in the production and marketing of diversified range of quality spirits, yeast, and related products.
02. OUR MOTTO
Quality at its best
03. OUR MISSION
To produce and market a wide range of world class products through a cost effective innovative and environmentally friendly technologies, satisfying customer needs, maximizing shareholders returns and meeting the employee aspirations.
04. CORE VALUES
We are committed to:
Commitments
Partnership
Efficiency
Professionalism
Integrity and
Equity