The answer is blowing in the wind
The George brothers’ Avatar small wind turbine is generating electricity for troops in Leh
The Central Arecanut and Cocoa Marketing and Processing Cooperative Ltd (Campco) is witnessing a steady growth in manufacturing of cocoa based products on rising demand from bulk consumers such as Amul and Nestle.
Production at the multi-state co-operative’s chocolate factory in Puttur, Dakshina Kannada district has seen an increase of around 20.04 per cent in the last four years. Also, the production under Campco’s own brand also increased by 35.96 per cent during the period. The production at the chocolate factory — which was at 13,328.15 tonnes during 2016-17 — increased to 15,956.06 tonnes in 2019-20.
On the factors fuelling the growth of chocolate factory, SR Satishchandra, President of Campco, told BusinessLine that the semi-finished goods such as cocoa mass and cocoa butter have got good demand from the industrial users. The cooperative sold 7,853.37 tonnes of semi-finished/industrial products during 2019-20 valued at ₹152.20 crore.
Campco procured around 6,975.95 tonnes of wet and dry cocoa beans during 2019-20. He said that the cooperative is buying cocoa from both the domestic and international market. The share of the cocoa depends based on the international markets, he said.
Of the total production at the factory, Campco’s own brands’ share increased to 11,652.91 tonnes during 2019-20 as against 8,570.82 tonnes in 2016-17.
ALSO READ Campco to market areca, pepper on e-commerce platform soon
As part of its strategy to expand market for products under its own brand, Campco recently launched two new eclair products.
HM Krishna Kumar, Managing Director (in-charge), said the cooperative launched two eclair products – ‘Elaichi Eclair’ and ‘Creamy Eclair’ – on December 8.
Stating that ‘elaichi’ is a generally liked flavour among all the age groups, he said it has got natural cardamom powder ingredients. Another one is an eclair with milk and honey flavour. The cooperative will be producing around 100 tonnes per month of each of these products. It has a target of around 200 tonnes for these two products. At present, Campco has milk and caramel flavoured eclairs, he said. On the price, he said that these two new products will be priced at ₹1 per eclair.
He said the co-operative has been upgrading the capacity of the factory at Puttur. It has ordered a cocoa powder pulverising plant of 400-500 kg/hour capacity from Italy costing around ₹4.55 crore.
The cooperative is planning to introduce some more new products soon, he said.
ALSO READ Campco chief seeks FPO model for upgradation of PACS
This apart, Campco has launched its cocoa-based products on an e-commerce platform. Kumar said that the cocoa-based drinking chocolate brand – ‘Winner’ – has a good demand on the e-commerce platform. ‘Campco Winner’ had almost 60 per cent share in the total cocoa-based products of the Campco available on the e-commerce platform, he said.
Satishchandra said that Campco has an exclusive chocolate kiosks at Puttur. It is also planning to open such exclusive chocolate kiosks at tourist locations, he said.
The value of the chocolate-based products exported has also increased considerably. The cooperative exported chocolate-based products worth ₹22.81 crore during 2019-20 as against ₹16.75 crore in 2018-19. It has exported chocolate-based products worth ₹13.23 crore in 2016-17.
Satishchandra said that the cooperative, which achieved a total turnover of ₹1,848 crore from all the segments, is targeting a turnover of ₹2,000 crore for the current financial year. Campco wants to increase the volume of purchase of arecanut and rubber during the year. He hoped that the target can be achieved as the valuation of these commodities are high now.
The George brothers’ Avatar small wind turbine is generating electricity for troops in Leh
The Spanish flu (1918) devastated a port city like Mumbai. Could the lessons help as we brace for a second ...
Though the number is still woefully small, the good news is that more Indian companies are auditing their ...
Post-pandemic, airlines may have to combine punctuality with heightened passenger services, including safety, ...
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
The iconic punk rock band took a whole generation along as they toured the globe for 22 years
On April 10, 1970, Paul McCartney announced that he was leaving The Beatles for ‘personal and professional ...
A model rehabilitation project for 100 families of rescued bonded labourers kicks off in Tiruvannamalai, ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor