Karachi: Pakistan-based meat processor The Organic Meat Company Limited (TOMCL) has announced that it has signed a $4 million deal to export frozen boneless beef to the United Arab Emirates (UAE).
The company shared the development in a filing to the Pakistan Stock Exchange (PSX) on Thursday.
TOMCL is pleased to announce that we have successfully negotiated for the export of frozen boneless beef in the UAE and another contract with Perdana Foods MMC.
This new deal, valued at $4 million, demonstrates TOMCL’s commitment to continued growth and our ability to invest in developing market opportunities.
TOMCL shared that the company expects to generate above revenue from this deal in the next six months.
“TOMCL management is confident that this continued partnership and expanded sales agreement will enhance the company’s financial performance, positively contribute to our footprint and deliver value to our valued shareholders,” he said.
In August last year, TOMCL signed an export deal worth $4 million with Prime Foods LLC.
“We would like to inform you about the successful completion of this important contract,” TOMCL said on Thursday.
Middle East countries are the main export market of TOMCL. However, the company has added pet food to its portfolio, allowing it to also expand into the United States and Europe. The company also has a significant presence in the Far East, United States Commonwealth and South Asian markets.
It also claims to be the first Pakistani company to start exporting vacuum-packed fresh beef and the only company in the region to have the technology to vacuum or freeze mutton and beef quarter carcasses.
