Nigeria’s most capitalized miller, Flour Mills disclosed it will begin refining sugar commercially this February to grow revenue.

According to Business Day, Chief Financial Officer Jacques Vauthier said: “Construction work on the 750,000 metric ton capacity plant is completed and a test run done in December.”

The miller intends to acquire a sugar plantation to reduce the cost of providing raw materials for its plant.

“The company’s working capital has risen as a result of buying in stock of raw sugar ahead of the refinery start up,” Vauthier said.

Vauthier also told Reuters that Flour Mills appointed financial advisers and banks to raise a term loan from the Nigerian capital market for the construction of a plant to double its existing 2.5 million metric tonnes production capacity.

Flour Mills plans to borrow between $400 million to $500 million to construct the new cement plant which is expected to be completed by the first quarter of 2016.

According to an official statement in January, Flour Mills’ revenue climbed 1.6 percent to 205.5 billion naira ($13.5 billion). Company stock remained at 80 naira on the floor of the Nigerian Stock Exchange at market close on Friday.