AgriBusiness-Golden Chicks bags Kuwait order.
HYDERABAD, Sept. 7 (BusinessLine)
GOLD Chick Hatcheries and Foods Ltd has bagged a Rs. 66-lakh export order for the supply of about 150 tonnes of processed chicken to the Kuwait-based Mohammed & Al-Sahen Foodstuff Co. The first consignment of around 24 tonnes has been despatched by the Rs. 25-crore, fully automated factory on Tuesday.
Disclosing this to newspersons here, the Gold Chick Managing Director, Dr. B. Prasad Rao, said the entire export order would be executed within a span of three months. The company, which had commenced its commercial production recently, is expecting to export about 40 per cent of its produce during the first year of its operations. The processing plant, with machinery sourced from Holland, has a capacity to produce 5,000 tonnes of processed chicken per annum.
With regard to the domestic market, Dr. Rao said his company had tied up with reputed institutions in the hospitality industry for bulk supply of processed chicken. Besides, its fresh chilled chicken would hit the shelves in the local retail markets shortly. The range of products include whole chicken, de-boned chicken and cut-ups.
The Director of the Kuwait-based firm, Mr. R.C. Suresh, said there was a market for 60,000 tonnes of frozen chicken per month in West Asia. In Kuwait alone, his firm is marketing 1,000 tonnes of processed chicken per month. He is confident that he would be able to procure chicken from Gold Chick and sell it in West Asia on a sustained basis.
Gold Chick has fully integrated facilities such as a 60,000 birds capacity broiler breeding farm, a central hatchery, a commercial grow out farm besides the processing plant and rendering plant. The commercial farm has a capacity to grow 3.5 lakh birds per cycle. Altogether, there will be seven cycles in an year.
The company Executive Director, Mr. S. Palani Raja, said it was also getting an order from Male. |
