Leading biscuit and wafer manufacturer relaunches popular Nutro brand
UAE, Dubai - Britannia Industries Limited (BIL), one of India's largest food companies, has expanded its UAE operations by taking a 70 per cent stake in Strategic Foods International Co. Ltd. (SFIC), one of the largest biscuit and wafer manufacturing companies in the GCC. The investment is part of the organisation's campaign to capture a lion's share of the UAE's biscuit market worth an estimated AED 500 million a year, and which also consumes around 30,000 tones of product annually.
The ambitious growth strategy from the biscuit and wafer giant, which generates annual revenue in excess of AED 2.57 billion, is underpinned by a relaunch of SFIC's Nutro label after an investment of AED 4 million. Research commissioned by BIL revealed that Nutro products, especially Nutro Family Choice Wafers and Nutro Glucose products, being the brand's most favoured among shoppers.
"The UAE and wider GCC countries are extremely important markets for us," said Vinita Bali, Managing Director at BIL. "Our investment of over AED 75 million in the region in the two years since we've expanded here shows our commitment and dedication. UAE is particularly significant for us given the progress it has enjoyed in the last decade and considering it is home territory for SFIC."
The UAE would appear to offer fertile ground for BIL's expansion programme where biscuit and wafer consumption is high. The country's population of around five million is responsible for eating its way through 6 kg of biscuits and wafers per capita each year, and it contributes 20 per cent by value and 17 per cent by volume to the total consumption in the GCC.
In total, 50 of the Nutro label's products have had their recipes and presentation revitalised, with point-of-sale pricing remaining unchanged. Packaging for all of the new Nutro lines has been designed by internationally acclaimed branded packaging specialist Jane Thorn, considered to be one of the foremost design experts in her field.
The current market conditions would appear to warrant significant consideration with BIL's new venture, but Vinita Bali, Managing Director of BIL was keen to explain why her organisation was investing heavily in a new campaign being actioned during a down-swing in the global economy. "Research has shown that it is when the economy experiences a recession that consumers change their habits," she said. "This is a perfect opportunity for us, as the products we retail are everyday consumable items and offer the best value for money. This is the ideal time to invest in the brand and generate brand loyalty in the long run," she added.
The relaunch of the Nutro label has involved increasing the output of the organisation's Oman's Sohar plant, where Nutro products are manufactured. This has resulted in more staff being employed to meet the accelerated demand for output and the 30,000 square metre plant now has a production capacity of over 2,000 tonnes of biscuits and wafers per month, an increase of more than 550 per cent since the upgrades were implemented. The facility exports products to over more than 50 countries.
"We are extremely pleased to introduce our improved Nutro product line to the UAE market," added Arvind Kumar, CEO, SFIC. "I sincerely believe we have the best products in the sector at a value price point that will be very popular across a broad section of the community," he concluded.
- Ends -
About Strategic Food International Co. LLC (SFIC)
Strategic Food International Co. LLC (SFIC) is a part of Britannia Industries Ltd and Khimji Ramdas Group. SFIC offers a wide spectrum of products under the brand Nutro, which is one of the leading biscuit brands in the Middle East. It is one of the largest biscuit and wafer manufacturing companies in the Middle East which also has the only Dubai based ISO 9001-2000 and HACCP certified wafer manufacturing plant. The company exports Nutro products to over 50 countries.
For more information, please contact:
Komal Manglani
Polaris Public Relations
Tel: +9714-3415555
Fax: +9714-3415588
Email: k.manglani@polaris-me.com
P.O. Box 32838, Dubai, UAE
© Press Release 2009
