Suguna Poultry Farm Limited unveils growth plans
Hyderabad, Apr 20: Despite the Bird Flu scare costing Rs 45 crore for Suguna Poultry Farm Limited (SPFL), the company plans to set up four new processing facilities in the next two years at an investment of Rs 80 crore and hopes to attain a turnover Rs 3,000 crore besides garnering market share of 20 per cent by 2010.
The company, which posted Rs 1,100 crore business in 2005-2006 and accounted for 14 per cent of the country's broiler market, was planning to enter Punjab, Harayana and other northern markets during the current fiscal, SPFL Managing Director B Soundararajan told the media here today.
With 11,000 farms across South, East and Western regions of the country, all networked by VSAT, the company sold 39 crore kg of meat and produced 26 crore hatching eggs a year through its 33 hatcheries. It planned to enter ''Layer'' business during the current fiscal.
Its joint venture with Saudi Company -- Supreme Suguna Foods -- exported 1,5000 ton of frozen meat to the Middle East last year and had contracted exports to Japan.
It was looking for tie ups with major food chain retailers, departmental stores and hypermarkets to introduce its branded products in the domestic market, he added.