Pakistan’s The Organic Meat Company achieved a significant milestone by securing a contract with First Quality Food Stuff LLC to export a substantial 1,000 metric tons of frozen boneless beef to the United Arab Emirates (UAE).
The development was officially disclosed by TOMCL to the Pakistan Stock Exchange on Thursday, marking a historic moment for the company and the Pakistani meat processing industry as a whole.
In an official statement, TOMCL expressed its enthusiasm about this groundbreaking contract, highlighting that it’s the first of its kind for any meat processor and export house originating from Pakistan to the UAE.
“Through this contract, TOMCL will be able to generate revenues in excess of US$4 Million within the next six months,” the filing said.
TOMCL’s management is optimistic about the far-reaching impact of this sales contract. They believe it will not only significantly boost the company’s topline but also provide substantial value to its shareholders, underscoring the immense potential of this strategic partnership with First Quality Food Stuff LLC.
Revolutionizing the meat sector
Established on July 14, 2010, TOMCL started as a private limited company under the Companies Ordinance, 1984, which has since been replaced by the Companies Act, 2017.
The company’s core operations revolve around the processing and sale of halal meat and associated products, adhering to the highest quality and ethical standards.
As of the latest update, TOMCL’s stock price at the stock exchange stood at Rs. 21.89, reflecting a notable increase of 2.92 percent or Rs. 0.62.
This surge in stock performance was accompanied by a substantial turnover of 1,820,000 shares on Thursday, demonstrating the heightened investor confidence and positive market sentiment surrounding the company’s recent accomplishment.
The Organic Meat Company has been on a trajectory of rapid expansion, securing significant contracts that underscore its global reach and impact. Just last month, the company secured contracts for exporting pet food to Canada and meat products to Uzbekistan. In the preceding year, TOMC inked contracts worth $1 million for food exports to Europe and the USA, marking a historic achievement as the first Pakistani company to export pet food to Europe and pioneering similar exports to the American market.
While the Middle East has traditionally been TOMCL’s primary export market, the company has successfully diversified its portfolio, making notable inroads into American and European markets, thanks to the addition of pet food raw materials. Beyond these regions, TOMC has a thriving presence in the Far East, Commonwealth of Independent States, and South Asian markets.
TOMCL claims to be the first Pakistani company to introduce the export of vacuum-packed fresh beef. It further distinguishes itself as the sole regional entity possessing advanced technology for vacuum packing and blast freezing of mutton and quarter beef carcasses.
The company’s growth trajectory is expected to continue, fueled by diversification across product categories and geographical regions. Robust sales volumes, combined with a favorable pricing strategy, are poised to drive further success.