Financial Daily from THE HINDU group of publications
Thursday, Apr 20, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Awards & Honours
States - Maharashtra


Filtron Group bags export award for food processing

Our Bureau


Future plans
The company has been awarded the free dry coffee plant order worth $4 lakh in association with a German company for a Tata coffee plant.
Another coffee plant with 1,000 tpa capacity in Tamil Nadu is also expected to be commissioned with the total cost of $1 lakh.

Pune , April 19

City headquartered Filtron Group, a plant and process technology company, has been awarded the highest exports award for food processing category by the Engineering Export Promotion Council (EEPC) for 2003-04 for achieving exports worth around $ half a million.

This is the second award in a row by EEPC for Filtron that it won in 2002-03 as well for exports to the tune of $3 lakh. Talking to presspersons, Mr Sadanand Hegde, Chairman and Managing Director of Filtron, said for the last three years, exports share to its turnover was about 30 per cent and is estimating to increase it to 50 per cent this fiscal. The company had achieved a turnover of Rs 10 crore for the fiscal ended March 2006 and is estimating to increase it to Rs 15 crore for the current fiscal.

Asked about the future plans of the company, Mr Hegde said it has been awarded the free dry coffee plant order worth $4 lakh in association with a German company, for a Tata coffee plant. The plant capacity is about 2,000 tonnes per annum (tpa). He said ENE Equipments, Germany, has given the order for the stainless steel auxillaries for the freeze dryers. Another coffee plant with 1,000 tpa capacity in Tamil Nadu is also expected to be commissioned with the total cost of $1 lakh.

These plants are slated to be commissioned around December this year and will start rolling out exports by next year.

He said an UK Company called "AAProcessing" also into coffee plant equipments has placed an order for its end user customer for $1 lakh with Filtron. He said the company has a domestic order worth Rs 50 lakh for fruit processor from Maharashtra.

Chakan unit

Mr Hegde added that Filtron's manufacturing unit in Chakan will be extended from 10,000 sq ftto 25,000 sq ft by the end of the current fiscal.

Filtron's pasteurizer Solapur unit will also see an augmentation towards the original targeted area of 15,000 sq ft from the current 5,000 sq ft. The expansion will cost about Rs 2 crore to be funded by debt and own sources.

More Stories on : Awards & Honours | Foods & Food Processing | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
HPC to implement Rs 660-crore technology upgradation plans


Goodlass Nerolac to change name
Filtron Group bags export award for food processing
Who are India's top auditors?
The Rain Tree Hotel gets Ecotel certification
Ranbaxy profits inch up
Reliance Energy posts 14.5 pc rise in Q4 net profit
Women entrepreneurs meet
Reliance reaches pre-demerger rates
Motilal Oswal offers 9% stake to foreign equity investors
SPIC Petro acquisition by ONGC soon: Muthiah
Wipro plans lighting unit in Himachal
NFPIL plans unit at Vizag SEZ
Abl Biotech floats pharma division
Tatas' African ventures turning profitable
MCA-21: Is it lacking in legal backing?
Ishtaa 18-carat jewellery range launched
ONGC enters pact with Maruti
Reddy's Labs aims to become 10th largest
Suzuki targets one-lakh bike sales in first year
IOC seeking petrol, diesel price revision
TELK clocks Rs 109-cr production



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line