National Flour Mills (NFM) is strategically positioned to increase its exports, chief executive Kelvin Mahabir said after presiding over his first annual general meeting (AGM) since being appointed in July.In an interview with CNC3's Business Line, Mahabir set a deadline of year end for the public, including shareholders, to witness different results from the state-owned company.
"The future of flour is not so much in the commodity, flour itself, but in terms of the added value products–the dry mixes and the other lines we want to move into, which will be more of these healthier products," he saidMahabir said with a new management team in place, a different approach is being taken to NFM's finances.
"We know month-by-month what we should be delivering. We know what we should be closng the year at, we know what percentage of sales we should deliver as profit.We actually have what percentage each area of the plant must do better in terms of productivity cost."