February 23, 2004

India's Sanwaria Agro To Expand Soy Processing Capacity

Indian soy processor Sanwaria Agro Oils Ltd (SAOL) is set to increase its production capacity of soy oil and de-oiled soy cake from 1,27,000 tonnes to 4,50,000 tonnes per year through acquisition and leasing of some ailing plants in Madhya Pradesh.

Recently the company leased out a 400-tonnes- per-day solvent extraction plant in the Itarsi-Bhopal belt. The export demand for de-oiled soy cake as an animal feed has increased in the US and European markets due to reappearance of the mad cow disease.

SAOL exported about 4,000 tonnes of soy meals, worth Rs4 crore, to Pakistan. The company has also introduced its refined soy oil in 1- litre bottle.

SAOL recorded a net profit of Rs48.66 crore on net sales of Rs1,079.97 crore in the third quarter of 2003-2004.