offcourse rice based products which is RTC and RTE and Rice exports
With this new facility, LT Foods is set to revolutionize the rice market in the U.K. and meet the
growing demand for authentic and premium rice and rice-based food products. To ensure
consumers experience the finest quality of rice and rice-based food products from the trusted
brands of LT Foods, the facility will house the latest technology and state-of-the-art infrastructure.
Located in Harlow, the new facility is spread over an area of an impressive 100,000 square feet. This
location offers strategic advantages, allowing LT Foods to efficiently serve the U.K. market. To
provide a diverse range of options to meet varying consumer demands, the facility will offer both
branded and private-label products.
The rice and rice-based food market in the U.K. is worth around £ 1 billion. To tap this opportunity,
LT Foods has made an initial investment of £ 7 million in this new facility with a commitment of
further investment upto £ 50 million in the coming years. The company is expecting annual revenue
to the tune of £ 50 million over the next 2 years, with a targeted £ 100 million within the next 5 years.
The company will also provide employment opportunities to local talent.
The company has already partnered with 4 leading retailers in the U.K. with plans to further scale
this up. Moreover, the facility boasts a production capacity of 60,000 tonnes of rice per annum,
setting the stage for substantial growth in the coming years.
Speaking on the occasion, Mr. Vijay Arora, Chairman & Managing Director, LT Foods said, “We are
very excited about our newest cutting-edge facility in the U.K. It is an important market for our future
growth as we intend to make deep inroads in this market. LT Foods long-term goals include
solidifying its market presence in the UK, becoming a leader in the rice and rice-based food segment,
and continually innovating to meet the evolving demands of consumers. This new facility is a critical
step in achieving these objectives and furthering LT Foods’ mission of delivering high-quality rice
products to global consumers
Subscribe To Our Free Newsletter |