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Aries Agro to start two units by December
Kolkata, Oct 23 (IANS) Nutrition solutions major Aries Agro Ltd will start production at its upcoming manufacturing units in Lucknow and Panvel within two months, a top official said here Thursday.
'Operations at our Lucknow plant would start next month while Panvel unit would be commissioned in December,' Aries Agro executive director Rahul Mirchandani said on the sidelines of a conference.
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Once the Panvel plant in Maharashtra is commissioned, Aries Agro's annual capacity will touch 100,800 million tonnes from the present 73,800 million tonnes, he said.
Aries Agro inaugurated its sixth manufacturing unit at Ahmedabad in August, which produces bio-fertilisers.
Talking about the company's global ventures, he said: 'Following the acquisition of Mapco, we are now planning to enter geographies like Eqypt, Syria and the Middle East, markets which use advanced agricultural technologies that fit perfectly with our product profile.'
Aries Agro has recently acquired 75 percent stake in Golden Harvest Middle East, creating Aries' first manufacturing base abroad for micronutrients.
Through Golden Harvest, Aries Agro owned 25 percent stake in the UAE-based Mapco Fertilisers that makes water-soluble NPK (Nitrogen-Phosphorus-Potassium) fertilisers.