May 4, 2012
India's Suguna discloses plans for expansion
India's Suguna Poultry Farm plans to diversify into ready-to-eat and ready-to-cook products as well as producing feeds for aqua, cattle and pets.
In The Hindu, Soundararajan said Suguna Poultry Farm had 25 feed mills, which, at present, where producing 1.7 million tonnes of poultry feed per annum. The company would be investing additional funds into these feeding mills to expand its capacity to produce other feeds for aqua, cattle and pets.
The group would be investing INR10 billion (US$189 million) in the next five years for the proposed expansion plans and Suguna Poultry Farm would be renamed to Suguna Foods Limited, he added.
Suguna Poultry Farm, had invested INR100 million (US$1.9 million) each in Sri Lanka and Bangladesh to set up feed mills and INR850 million (US$16 million) in a vaccine manufacturing facility for poultry in Hyderabad.
The poultry products will be launched under the brand names Suguna Hombites and Suguna Anytime.
The company also planned to open 95 "Suguna Daily Fressh" retail outlets across Tamil Nadu, Kerala and Bangalore, according to B. Soundararajan, Chairman, Suguna Group.
On the existing businesses, Soundararajan said the company had already been producing and marketing 50,000 tonnes of soyoil per year in Nagpur under the brand name Mother's Delight.