LT Foods announced on July 16 that its organic business arm, Nature Bio Foods Limited, has opened operations in Europe.
The company is eyeing Rs 400 crore revenue over the next 5 years from Europe, as per its official release, with a focus on wide range of dry organic products including rice, pulses, superfoods, oilseeds like flaxseed, sesame, buckwheat, chia, quinoa, sorghum, and cashews — “all ready for mainstream consumers across Europe.”
The 70-year-old Indian-origin global FMCG Company in the consumer food space forayed into business-to-Consumer (B2C) segment in Europe with the inauguration of a new facility in Maasvlakte, Rotterdam.
The movie is part of LT Foods’ strategic growth roadmap, which aims to diversify its go-to-market approach by entering the B2C segment along with its strong Business-To-Business (B2B) foundation, said the release
The company said this expansion reinforces Nature Bio Foods’ position as one of the leaders of the organic movement globally and deepens its commitment to bridging the gap from ‘Farm to Folk’, bringing sustainably grown organic ingredients from India, Africa, and beyond, directly to consumers and brands in Europe.
The initial Capital Expenditure (CAPEX) for this new facility is in the tune of Rs 20 crores and it would be investing another Rs 15 crores over the next 3 years.
Spread over 20,000 square meters, the new facility is strategically located at the Port of Rotterdam known as the ‘Gateway to Europe’ for logistics due to its strategic location, extensive infrastructure, and role as a major hub for maritime and inland transportation.
It said the new facility boasts of four CO₂ pressure treatment chambers for chemical-free disinfestation and has three cleaning and processing lines with one for seed, one for grains and one for bulk loading for industries.
The new facility has advanced retail packaging lines with an annual handling of 15,000 MT and a storage capacity for 15,000 pallets with a smart warehouse system aligned with the company’s sustainability goals, it said.
The company claimed it has already attracted interest from major retailers in Germany and the Benelux region.
“With this new capability, the company will not only continue sourcing from India and Africa but also expand its procurement from over 20 countries worldwide, delivering premium organic ingredients to European shelves,” it said in the release.
LT foods share price closed with an increase of over 2% on July 16.
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