Kemin Industries invests US$ 8 mn for Chennai unit expansion

Chennai: Global nutrient company Kemin Industries Monday announced investment of USD 8 million for expansion of its plant here.

The additional capacity was designed to serve the growing demand for specialised nutritional ingredients to address the needs of the rapidly growing South Asian animal protein industry, a company release said.

"Kemin has invested 8Mn USD at Chennai Plant- Unit II expansion with an aim to touch more than 3.8 billion global population with quality and safe food through our product and services," it said.

South Asia was a very important animal feed market in the world producing more than 35 million tons of compound feed, President and CEO of Kemin Industries Dr Chris Nelson said.

The overall demand of animal protein was also increasing in the region due to rapid economic growth of India, Bangladesh, Sri Lanka and Nepal, he said in the release.

"To address the rapid growth in the demand of animal protein coupled with the objective of better customer service we decided to invest in the additional capacity of our existing Gummudipundi plant in Chennai," he said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.