Thursday, January 9, 2014

Suguna Foods Limited invests Rs 100 Cr in feed mill plant in Maharashtra

Suguna Foods Limited invests Rs 100 Cr in feed mill plant in Maharashtra
Mumbai, January 8th 2014- In keeping with its growth plans and gradual consolidation across the country including Maharashtra -- leading poultry player--- Suguna Foods Limited has commissioned a 5 lac tons (60 TPH) capacity Upgraded Pellet Technology Feed Mill plant in Maharashtra valued at Rs. 100 crores, funded by IDBI Bank. This plant which is of 5 lakh tons capacity (30 TPH – 2 lines) Expandable to 7.5 lac tones (90 TPH) (One more additional 30 TPH line) is located in  Khadakjamb, near Nasik.
The feed mill plant will be a catalyst for the development of poultry activities in the regions. The feed mill will be supplying high quality feeds for broiler, layers, and parent bird farms and other livestock and facilitate the famers for their feed needs. The plant will largely support the farming community of Maharashtra.  The plant with procure large quantum of Maize (3,00,000 tones), soya meal ( 150,000 tones) among other agriculture commodities there by  creating a market for the produce of the state. With the feed mill, the farmers can depend on Suguna for right prices for their produce.  Also, with the development of poultry farming in the region consumers would benefit by getting quality protein at affordable price. Also the plant will create economic impetus in the regions through direct and indirect employments and livelihood for thousands.
It is estimated that the annual growth rate for the Broiler Industry to be approximately 9% per cent. With an annual production of 3000 million broilers, India is the Fifth world’s largest poultry meat producing country which highlights the huge consumption by Indians.  With rising income levels, the consumption of poultry products and eggs are predicted to continue to rise.
Says Mr Sundararajan GB, Managing Director-Suguna Foods Limited “Such estimates only validate our commitment on the growing consumption for poultry products across the country. The new feed plant in Maharashtra will ensure smooth supply of poultry products in the region. This plant further strengthens our commitment to the rural development.’’
We have been extremely successful in South India, we plan to move to other geographies and newer regions and consolidate our presence in newer market places.  The Pellet Feed Mill project here is part of Suguna’s Growth strategy into the Western Region.”
This Modern Technology feed mill at Khadakjamb, near Nasik in Maharashtra is a fully automated process with Imported & Indigenous Machineries with steel silos, Godown facility for finished product & other ingredients. The Total plant will be operated from a Single Point through PLC control system. The Finished product will be also handled automatically from bagging to loading.
Suguna is already augmented with many state of art modern Feed mill facilities such as the 3.2 lac tone capacity unit Tamil Nadu,  6 lac tones capacity in Karnataka, 5 lac tone capacity in Andhra Pradesh, 1.5 lac tone capacity in Rajasthan and others.                                                                                                                                                                       

Suguna Foods currently commands a market share of around 15 per cent and would continue to grow as per the market demands and needs in 2014 and spread its operations elsewhere in India. In line with the growth of the poultry industry, the feed industry has also been growing very quickly. Feed generally is considered to be the major input for poultry production and may account for 70 per cent of the total production cost. Since poultry feed is composed of several raw materials, the cost and supply of raw material either produced locally or imported determines poultry prices.
Poultry feeds are composed of important groups of ingredients which are called nutrients and consist of maize/corn millets, gluten and Soya bean meal. A good poultry feed contains a proper balance of nutrients which will satisfy the chicken's requirement whether it is a layer or broiler or starter. Poultry diets are necessarily to be developed to provide for the optimum nutrition of the layer and broiler birds at each stage of their development.
About Suguna Foods Limited: Suguna Foods Limited, headquartered at Coimbatore is a Rs.5000 crore turnover poultry based Food Company. Suguna’s pioneering efforts in contract farming helped to create thousands of rural entrepreneurs who share the growth successfully. "Poultry Integration" introduced and pioneered by Suguna in the country has energized the livelihoods of farmers in rural India. We reach over 8000 villages, 20000 + farmers, 100,000 channel partners, and millions of consumers every day.   With operations in 14 states across India, we offers a range of poultry products and services. The fully integrated operations cover broiler and layer farming, hatcheries, feed mills, Slaughter house, processing plants, vaccines and exports. Suguna markets live broiler chicken, functional eggs and frozen chicken. Suguna Foods is a preferred partner of many Modern Trade chains and leading QSR & hospitality brands like KFC, Walmart, Mcdonalds Marrybrown and others.  With the intent to provide consumers with fresh, clean and hygienic packed chicken, Suguna has set up a chain of modern retail outlets under the brand Suguna Daily Fresh. The company exports its products to Middle East, Europe and Asian countries. Suguna Group also has interests in vaccines and animal health in India and has operations in Sri Lanka & Bangladesh.

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