The companyhas been awarded the free dry coffee plant order worth $4 lakh in association with a German company for a Tata coffee plant.
Another coffeeplant with 1,000 tpa capacity in Tamil Nadu is also expected to be commissioned with the total cost of $1 lakh.
Pune, April 19
City headquartered Filtron Group, a plant and process technology company, has been awarded the highest exports award for food processing category by the Engineering Export Promotion Council (EEPC) for 2003-04 for achieving exports worth around $ half a million.
This is the second award in a row by EEPC for Filtron that it won in 2002-03 as well for exports to the tune of $3 lakh. Talking to presspersons, Mr Sadanand Hegde, Chairman and Managing Director of Filtron, said for the last three years, exports share to its turnover was about 30 per cent and is estimating to increase it to 50 per cent this fiscal. The company had achieved a turnover of Rs 10 crore for the fiscal ended March 2006 and is estimating to increase it to Rs 15 crore for the current fiscal.
Asked about the future plans of the company, Mr Hegde said it has been awarded the free dry coffee plant order worth $4 lakh in association with a German company, for a Tata coffee plant. The plant capacity is about 2,000 tonnes per annum (tpa). He said ENE Equipments, Germany, has given the order for the stainless steel auxillaries for the freeze dryers. Another coffee plant with 1,000 tpa capacity in Tamil Nadu is also expected to be commissioned with the total cost of $1 lakh.
These plants are slated to be commissioned around December this year and will start rolling out exports by next year.
He said an UK Company called "AAProcessing" also into coffee plant equipments has placed an order for its end user customer for $1 lakh with Filtron. He said the company has a domestic order worth Rs 50 lakh for fruit processor from Maharashtra.
Mr Hegde added that Filtron's manufacturing unit in Chakan will be extended from 10,000 sq ftto 25,000 sq ft by the end of the current fiscal.
Filtron's pasteurizer Solapur unit will also see an augmentation towards the original targeted area of 15,000 sq ft from the current 5,000 sq ft. The expansion will cost about Rs 2 crore to be funded by debt and own sources.