INDIA’S MTR FOOD PLOTS EXPANSION
June 1st, 2010
BY MINI ZACHARIAH
MTR Foods, one of the top five processed foods manufacturers in India, owned by Norwegian conglomerate Orkla, aims to double turnover to Indian Rupees INR5 billion (US dollars USD106 million) by 2012 by focusing on its core business of spices and masalas, instant mixes and vermicelli. Spices and masala account for 35% of the company's revenue, instant mixes contribute to 28%, vermicelli 14%, ready-to-eat 10% with products like beverages, pickles and poppodam (papads) accounting for the rest.
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