Aug 7, 2020
Cargill India, initially in 2019 had posted a revenue of USD 1.2-1.3 billion, has set up a high-pressure hydrogenation plant in Kurkumbh to manufacture bypass fat which is already in production process. The commercial production of the supplement has already started and shall be marketed under the global brand named ‘Carfe’.
“India has been the largest milk producer in the world for over two decades but milk productivity per animal is still low in comparison to the world average”, Pethaiyan said.
US food major Cargill stated that it has invested USD 15 million (around Rs. 112 crore) to set up a plant in Maharashtra to manufacture health and nutrition supplement bypass fat for dairy cattle.
“We have made a total investment of USD 15 million to set up this plant. It has an annual capacity of 35,000 tons, making it one of the largest facilities to manufacture bypass fats and specialty waxes in the country,” said Keerthy Pethaiyan, regional director, Cargill Bioindustrial, India in a virtual press conference.
Stating that bypass fat is a source of energy for dairy animals, he said this will help in improving milk production by 7-10 per cent and also fat content. India has been the largest milk producer in the world for over two decades but milk productivity per animal is still low in comparison to the world average, Pethaiyan said.
Relating to the market size of bypass fat, Pethaiyan said the current size is around 30,000- 35,000 ton in India and it is expected to double by 2025. The compound feed industry is likely to grow 13 -15 per cent. He said the company aims to capture noticeable market share.
This product is already available in developed dairy cattle markets globally and will now be domestically manufactured at Cargill’s new bioindustrial plant at Kurkumbh and will be made available to all the dairy farmers and feed manufacturers all over the Indian Territory.
The bioindustrial plant will also manufacture specialty vegetable oil-based waxes for industrial use and application, marketed under the brand name ‘Agri-Pure’. This by-product will have its application in tyre, plastic and candle industry. Around 80-90 per cent of the volume in this plant will be bypass fat, he informed.
“India is a key growth market for Cargill and in line with our commitment to the country, this marks a continuation of our investment in India. By building upon our operations at this facility, we will increase our regional footprint and enhance our local capabilities to better support the needs of our local customers as well as multi-national customers across the globe,” said Kurtis Miller, global managing director, Industrial Segment, Cargill Bioindustrial.
Cargill started its operations in India in 1987. It has multi-businesses in refined oils, food ingredients, grain and oilseeds, cotton, animal nutrition, bioindustrial and trade structured finance. Having a dozen manufacturing plants across businesses, Cargill India markets leading consumer brands of edible oils such as Nature Fresh, Gemini, Sweekar, Leonardo Olive Oil, Rath and Sunflower brand of hydrogenated fats. It sells wheat flour under the ‘Nature Fresh’ brand name.
Cargill markets animal feed and premix under the Provimi, Purina, and EWOS brands.Having its presence in 70 countries, Cargill has a total workforce of 1,55,000 across the globe. In India, Cargill employs more than 4,000 people working in offices and plants along with a web of offices, warehouses and depots across the country