NHC Foods Declares Overseas Expansion into African Market

FMCG penny stock NHC Foods announced plans to expand its overseas business by tapping into opportunities within the African market.

Its subsidiary, NHC Foods (Liberia) Limited, entered into binding Heads of Terms with the Liberia Special Economic Zone Development Company to sub-lease an industrial plot in Monrovia.

The initial facility aims to manufacture and process fruit juices and allied food and beverage products within the Monrovia Industrial Free Zone.