Frisco Foods to invest Rs 27 cr

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New Delhi, Dec 19: US-based Frisco Foods today said it will set up a food processing plant in Haridwar, Uttarakhand with an initial investment of Rs 27 crore.

The plant will manufacture tetra pak packages by the beginning of 2008. In the first phase, the company will set up an integrated high acid beverage plant suitable for beverage juice and other high acid beverages. ''With the launch of the new facility, we forsee this area become a major packaging hub not only for North India but also for export markets,'' said Managing Director Frisco Foods Feroz Malik.

He added that the facility will be able to provide employment opportunities for the local community apart from attracting multinationals into the region.

The initial capacity of the plant would be 80 tonnes per day, which will be increased to 100 tonnes a day.

Frisco plans to include induction of aseptic filling line for low acid products such as milk/soya and high protein drinks.

UNI

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