About Our Company
We are foremost indigenous value added technology driven manufacturer and processor of cassava tubers, corn and sweet potatoes into pharmaceutical and food grade industrial starch. Our current annual installed production line processing capacity is 200,000 metric tons of raw cassava root tubers with the plan to activate second production line of similar capacity using corn as feedstock.
GTI products are processed to serve both the local and international pharmaceutical and food/beverage native starch markets. To achieve the international quality standard, GreenTech worked closely with one of the best starch processing equipment manufacturer to built in international standard on quality into the processes, established quality test laboratory, and comply with Standard Organization of Nigeria, NAFDAC, ECC standards on quality.
Our processes and equipments are fully automated. We capitalized on ground floor opportunities in pharmaceutical and food /beverage grade native starch markets through aggressive focus on both technology and manufacturing efficiency.
GreenTech Industries Limited (GTI) was established as a commercial company to cultivate and process cassava, potatoes and corn into import substitute industrial starch for domestic market and export; and to bring rural communities into the mainstream of modern economic activity. Nigeria is the world largest importer of U.S hard red and white winter wheat. Import dependency is hurting Nigerian farmers, displacing local production and creating rising unemployment. This is neither acceptable, nor sustainable fiscally, economically and politically.
The company, incorporated in March 13, 2009 as a limited liability company with 5,000,000 ordinary shares at N1 par value, is a value added manufacturer and processor of pharmaceutical and food grade native starch produced from cassava tubers. This production line shall be commission by August 2012 with annual installed capacity 105, 120 metric tons of raw cassava tuber and over 30,000 metric tons of finished international quality starch grade. GTI has future plan of installing a second production line for processing corn starch. The factory is located on 10,120 square meter of industrial land in Agbara Industrial Estate in Ogun State Nigeria.
The total investment in the company till date is approximately N600 million naira. The proposed funding / capital structure arrangement included equity contribution and investment of N485 million naira from existing promoters and term facility of N115 million naira from Central Bank of Nigeria under Commercial and Agricultural Credit Schemes through a local Commercial Bank – First Bank of Nigeria Plc.
To be the largest local processor of pharmaceutical and food grade industrial starch in Africa within the next five years of operation.
To provide a growing and reliable domestic market for Nigerian farmers and opportunity for farmers to enjoy some value added manufacturing and processing of their commodity harvest
This vision will be accomplish through aggressive focus on both technology and manufacturing efficiency
Achieve lower manufacturing costs reduction than competition through more efficient purchasing, lower labor costs, and more modern production equipment.
Operates at the high-quality, high-price end of the industrial starch market