Wahdat Poultry acquires land for pasteurization plant

Wahdat Poultry Farm Limited announced on Wednesday the acquisition of 1.02 acres of land in the Bhalwal Industrial Estate, District Sargodha, for the purpose of constructing a pasteurization plant. The company disclosed this development in a notice to the Pakistan Stock Exchange (PSX) today, revealing that the land acquisition was funded by the proceeds of their initial public offering (IPO), as outlined in their prospectus.

This significant milestone marks a key step in Wahdat Poultry's value-added expansion strategy. The proposed pasteurization plant, to be built on the acquired land, is expected to bolster the company's processing capabilities, facilitate diversification into value-added egg products, and bolster overall operational efficiency and market competitiveness.

In a statement, the company reaffirmed its commitment to the timely execution of its expansion projects, assuring shareholders and the PSX of continued updates on progress, including construction advancements and the installation of plant and machinery. Earlier this year, Wahdat Poultry approved its annual budget and business plan for the financial year ending June 30, 2027, alongside the approval of various strategic expansion initiatives.

These initiatives are designed to bolster the company's value-added product portfolio and enhance operational efficiency.

Established in 2006, Wahdat Poultry operates as a vertically integrated poultry business, specializing in egg production, grading, packaging, and distribution. The company currently manages four automated layer farms, each housing approximately 430,000 birds, which enable the production of up to 400,000 eggs daily.