To strengthen its integrated agribusiness platform, Ellah Lakes Plc has acquired the first set of expellers and presses for its Palm Kernel Oil (PKO) mill.
The company also plans to proceed with the installation of its abattoir and cold chain facility to support its longer-term strategy of scaling its piggery operations, improving processing capacity and enhancing market access for livestock products.
At the moment, Ellah Lakes has surpassed 1,000 pigs on its farm, reflecting continued progress in the scaling of its livestock operations, positioning the organisation as one of the leading piggery operators in Edo State and reinforcing livestock as an important vertical within its integrated agribusiness model, which supports revenue diversification and near-to-medium-term cash flow generation as the firm’s plantation assets continue to mature.
In a statement, the leading indigenous agribusiness organisation disclosed that the installation of the expellers and presses for its PKO mill should be completed by the end of Q3 2026, ahead of the commencement of the production of Palm Kernel Oil and Palm Kernel Cake (PKC).
It was noted that the addition of PKO and PKC production will enable Ellah Lakes to capture further value from its oil palm operations, expand its product base and deepen its participation across the agricultural value chain.
“These milestones reflect the continued execution of our strategy to build Ellah Lakes into a more integrated and commercially resilient agribusiness platform.
“The acquisition of equipment for our PKO Mill advances our move into higher-value processing, while the growth of our piggery operations strengthens an important cash-generating vertical within our business model,” the chief executive of Ellah Lakes, Mr Chuka Mordi, stated.
“As our plantation assets continue to mature, we are focused on expanding operating verticals that broaden our revenue base, improve value capture and support more consistent cash flow.
“Our priority is to complete key installations, scale production efficiently and build the infrastructure required to support sustainable long-term growth,” Mr Mordi added.