Havmore to invest Rs 200 crore to double ice-cream capacity in India

Havmor, which is the second largest ice cream brand in India, is planning to double its capacity in India with Rs 200 crore capex.

It has announced its investment plans for the next three years to set up 100,000 litres per day (LPD) of ice cream making capacity at Faridabad with capex of Rs 100 crore. This will be the company’s first investment outside Gujarat.

Also, it will invest additional Rs 70-100 crore to set up an ice-cream facility in South India with installed capacity of about 150,000 lpd.

Ankit Chona, Managing Director, Havmor Ice Cream Limited, said, “We are the second largest organised ice cream player in India after Amul. And we have set up our first facility outside Gujarat at Faridabad. This will cater to the North India market including Delhi. The initial capacity of the plant is 25,000 litres per day, which will be scaled up to 100,000 lpd over the next three years with an investment of about Rs. 100 crore.”

He added: “We are also scouting for a place to set up a new plant in Maharashtra or Telangana, which will cater to the southern market. The plant will have capacity around 150,000 lpd and the investment is likely to be around Rs. 70-100 crore. We plan to commission the plant by 2019-20.”

Image credit : i.ytimg.com

Research Desk

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