By  MAYA  NTANDA –

ANTELOPE milling company has invested US$11.2 million in its new milling project on the Copperbelt.
This is an addition to the company’s  $25.2 million worth of  investment which is expected to   adequately  cater for the demand of mealie-meal the company distributes countrywide.
According to the company’s latest report obtained by the Times, the shareholders decided to invest in new milling machinery.
An initial application was made to the Zambia Development Agency (ZDA) for an investment licence for $7.6 million, but the project required more funding to complete, and a further $3.6 million licence was granted.
The shareholders have plans for further investment in modern milling machinery, especially that the demand for the company’s products was growing both locally and abroad.
“The vision to invest further became a reality in 2008 when the shareholders decided to invest in new milling machinery. At the completion of the new project, a total of $11.2 million had been invested,” stated the report.
The company, owned by the Kaldis family of Luanshya, manufactures maize meal and bread flour which are distributed to all provinces in the country.
The report  stated  that the $11.2 million investment represents two state-of-the-art milling plants that produce 120 tonnes of mealie-meal and a further  120 tonnes  of bread flour on a daily basis, a new office block,  new fuel tanks, concreted yard and warehousing.