January 3, 2024

Pakistan's TOMCL first South Asian company to export cooked, heat treated beef to China

Pakistan-based Organic Meat Company Limited (TOMCL) has achieved a historic feat by becoming the first company from South Asia to export cooked/heat treated frozen beef products to China, the company said in a notice to the Pakistan Stock Exchange (PSX) on January 1.

China is the world's largest meat importer, with an import of approximately 3.10 million metric tonnes of beef and mutton in 2022. TOMCL has secured this opportunity after being one of only two companies from South Asia awarded a license for exporting cooked beef meat products to China, the company's notice read.

The company said that it expects a significant increase in export volumes and revenues.

Earlier, the board of directors of TOMCL approved an expansion plan for production facilities with an investment of Rs600 million (US$2.1 million). The company added that the expansion will enable it to broaden its business presence for current and future boneless frozen, heat-treated and cooked frozen beef export orders.

TOMCL's targeted international markets include the United Arab Emirates, Saudi Arabia, Central Independent States (CIS), Iraq and China.

- PT Profit