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Chennai:
With its exports thrust for dairy products, the country''s
largest private dairy the Rs453-crore turnover Hatsun
Agro Products Limited will be investing an additional
Rs14.5 crore to augment is capacity and strengthening
the milk procurement and processing infrastructure.
According
to chairman and managing director R G Chandramogan, the
company plans to set up five more chilling plants. This
will take Hatsun Agro''s total to 44 chilling plants.
This
fresh investment will be in addition to the Rs59.33 crore
capital expenditure incurred by the company during the
FY 2005 and this fiscal. "All these investment will
result in our increasing our capacity by 3-lakh litres
per day. The company has a current capacity to handle
around 17-lakh litres per day 10-lakh litres of
liquid milk and 7.5- lakh litres of value-added products."
Hatsun
Agro sells around 8-lakh litres of liquid milk per day
in the states of Tamil Nadu and Karnataka.
Explaining
the company''s export thrust, he said that the company
was exporting milk ingredients milk powder, frozen
cream, unsalted ''sweet-cream'' butter, anhydrous milk fat-to
23 countries. The company''s export revenue surged forward
during this fiscal to Rs59 crore. Last year the export
revenue was Rs3.41 crore. Looking forward Chandramogan
said that the company would soon start making UHT milk
for the overseas market.
Facilitating
the exports is the recent certification of Hatsun Agro''s
Kanchipuram plant by the Export Inspection Agency.
The
company sells liquid milk in the domestic market under
three brands Arogya, Komatha and Santhosa ice cream
under the brand Arun Ice Cream, and butter and ghee brand,
Komatha. Except Komatha, an acquired brand, Hatsun Agro
follows the philosophy of "single-product, single-brand".
Though investing sizeable
sum in building the Arogya brand, Chandramogan does not
find it necessary to extend the brand equity to other
products like butter.
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