Maize Corn Starch Headline: Matco Foods invests Rs. 1.4 billion for a new Corn Starch Facility Body Text: Matco Food has decided to setup a Corn Starch Processing Plant in Allama Iqbal Industrial Estate SEZ, Faisalabad with an estimated investment of Rs. 1.40 billion which will be financed through mix of debt and equity. The capacity of plant will be 200 Tons Per day of Corn Grinding which will produce 40,000 MT of Corn Starch per year and 18,000 MT of Animal Feed per year. As per research, the market size for Corn Starch in Pakistan is growing by nearly 5-7% per year which means the size of the market will double in the next 10 years. The corn starch is used majorly by textile industry followed by food & pharma sector and paper & board sector in Pakistan. Considering the expected investment in textile industry and next 5 year textile policy, the Company is expecting the increase in the corn-starch demand in Pakistan. Corn Starch Business complements Matco’s existing Rice Glucose Division which caters to the same market of confectionary, food segment where Corn Starch is sold. Rice Protein, and Rice Bran from existing business also complements the Corn Gluten products as it will be sold in the Animal Feed segment. Matco will rely on its existing distribution network of Rice Glucose and Maltodextrin to market to existing customers and establish potential new customers. Matco has distributors in Karachi, Lahore, Faisalabad, Gujranwala, Peshawar, Sukkur, Hyderabad, Multan and other major cities. Corn is the 3rd Largest Food Crop of Pakistan at 7.2 Million Tons of annual production. There is only one existing player with sufficient scale and market dynamics suggest that customer base is looking for other options of supply. Whereas, investment in Allama Iqbal Industrial Estate Special Economic Zone