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Golden Wheat Mills Company (GMC)

Overview

GMC
Overview
 

Golden Wheat Mills PLC. (GMC) was established in 1995, and located in Burham village near Bir-Zeit as a public shareholding company with a capital of 7 Million J.D, and then it started to produce flour and semolina in 1999. As a result, its capital had increased to 10 Million J.D. In October 2005the General Assembly and the Board of Directors of G.A decided to increase of the company’s capital with 10%, to become 20 million J.D. 

GMC is considered one of the modern and biggest mills in the Middle East area, and it’s distinguished with its system of production programs, software, and ability to carry out all demands, with a capacity to produce 300 MT daily up to 450 MT per day. 

In addition, GMC produces more than 50.000 MT annually, and it"s well known for the High quality products, loyal and strong distribution channel’s, agents and salesmen over all Palestine .

The company succeeded to be the main supplier for the WFP (World Food Program), ICRC and other international organizations. It provides these organizations with more than 10 thousand MT. GMC seeks to offer all its consumers’ needs from the high quality wheat flour, with competitive price and available quantities in the right time and place when demanded ,We do believe that we should keep our good conduct, as the pioneers in the national and regional wheat flour market , facing the un-fare competition with the Israeli dumping policy in our home land .GMC looks wisely to endorse the diversification of our productions and products throughout our clear vision, and well studied plans.

 
Year Total revenues Total expenses Net income (Loss) Dividends Capital Subscribed Capital Market Cap
2007 14,588,746 944,325 301,720 0 15,000,000 15,000,000 13,350,000
2008 11,609,360 819,782 1,708,282 7.5 % Cash 15,000,000 15,000,000 12,600,000
2009 6,479,159 556,195 463,872 - 15,000,000 15,000,000 11,700,000
 
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