Dudutech will direct the additional funding towards expansion of production facilities at its bio-factory site in Naivasha, which includes an additional four-hectare of greenhouse and an insectary.
Flamingo Horticulture Investments (FHI Ltd), a Sun Capital Europe organisation, has invested Sh247 million ($2.4 million) in the expansion of its subsidiary business Dudutech — a biological pesticide manufacturer.
FHI Ltd Monday said Dudutech will direct the additional funding towards expansion of production facilities at its bio-factory site in Naivasha, which includes an additional four-hectare of greenhouse and an insectary.
The project aims to increase production capabilities and provide additional beneficial predatory insects to meet demand of major growers in Africa, Europe and the Americas.
“Under the stewardship of an outstanding management team, we believe that Dudutech has consistently demonstrated its ability to deliver on investment strategies, it now plays a critical role in the supply of insect killing fungi beneficial predatory insects and mites for farmers globally,” said Martin Hudson, chief executive Flamingo Horticulture Investments.
Dudutech managing director Thomas Mason said the investment will allow them to grow their services to their customers in Africa, Europe and the Americas.
“The new investment will be used to further expand the company’s manufacturing capacity. Alongside this investment, Dudutech will be recruiting into its management team, broadening its product range and increasing the scope of its operations,” said Mr Mason.
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