November 1, 2018
Alltech opens Nepal office
Alltech opened its Nepal sales and support office in the city of Kathmandu on October 25, 2018.
Alltech has been operating in Nepal for 16 years, and the company witnessed a 60% growth in its business within the country last year. About 80% of Nepal's population is engaged in agricultural work, and the agriculture sector contributes to nearly 30% of Nepal's GDP.
Dr. Mark Lyons, president and CEO of Alltech, inaugurated the new regional office. Other company representatives who participated in the opening included Steve Elliott, global mineral director; Matthew Smith, vice president of Alltech Asia-Pacific; and Dr. Aman Sayed, managing director of India and regional director of South Asia, along with managers and members of the Alltech team in South Asia.
"The growth of the feed market here is quite significant, and we are the first animal health company to enter into the market," said Lyons at the opening of the office.
"To best serve our customers, we decided to establish an Alltech regional office in Kathmandu," Lyons continued. "Our team in Nepal is committed to supporting feed manufacturers and farmers as they meet the growing demand for meat and milk."
Dairy production is a growing agricultural sector in Nepal. With a well-established presence in India — the world's largest producer of milk — Alltech plans to share best practices with neighboring Nepal. Given that Nepal's milk production currently trails demand by about 100,000 litres per day, there is a significant opportunity for Alltech to provide value through its nutritional technologies and technical expertise.
"Kathmandu was a sensible choice for us and for our clients," said Sayed. "Our goal is to ensure that producers in Nepal get the timely service and support they need."