Creamline Dairy products, a subsidiary of Godrej Agrovet Ltd, is setting up a new plant in Visakhapatnam, Andhra Pradesh at an outlay of Rs 30 crore
In December 2015, Godrej Agrovet picked up majority stake in Creamline Dairy products for Rs 150 crore.
Creamline Dairy Products Ltd has processing capacity of 10 lakh liters of milk per day. It has presence in Andhra Pradesh, Tamil Nadu, Karnataka and parts of Maharashtra.
“We are setting up a new dairy plant at Vishakapatnam with one lakh litre capacity. The investment is about Rs 30 crore,” said Creamline Dairy Products Chief Executive Officer P Gopalakrishnan.
“Already we have seven factories, two in Hyderabad, one each in Madanapalli, Vijayawada, Mandya district (Karnataka) and in Nagpur. We also have a powder plant in Ongole (Andhra Pradesh),” he said.
Launching the fortified milk Enrich D, under the Jersey brand, which is targeted at health-conscious customers, he said, “We are a strong player in South India. With the new plant we will be able to serve in Odisha too.” “The marketing campaign will begin from October 7 onwards,” he said, adding the company was in the process of scaling up its business across various categories as the industry was growing 25-30 per cent year-on-year.
On the company financials he said, the group revenue was close to Rs 1,000 crore last year and was rising over the industry growth of 25 percent. Creamline Dairy has about 5,000 outlets in South and has about 800 agents in Tamil Nadu alone, he noted.
Source – PTI