Mayank Cattle Food Increases Capacity with New Oil Expeller Machinery
Team Finance Saathi
28/Nov/2024
What's covered under the Article:
- Mayank Cattle Food enhances production by installing two new oil expeller machines.
- A 40% capacity boost to meet growing demand in domestic markets.
- ₹1 crore investment financed through internal accruals.
Mayank Cattle Food Limited, a key player in the non-edible oil and cattle food sectors, has announced a significant capacity enhancement at its manufacturing facility located in Manavadar, Junagadh. On 28 November 2024, the company disclosed the installation of two additional oil expeller machines, a move aimed at increasing its overall production capacity by approximately 40%.
Strategic Expansion for Production Growth
This expansion is part of Mayank Cattle Food's strategy to optimize its production capabilities and meet the growing market demand for its high-quality cotton cake and cotton oil. With the new machines, the company expects to significantly increase the production of:
- Cotton Cake: An additional 20 tons per day
- Cotton Oil: An additional 3.2 tons per day
Currently, Mayank Cattle Food produces 50 tons of cotton cake and 8 tons of cotton oil per day, utilizing approximately 80% of its existing capacity. The new machines will allow the company to cater more efficiently to both domestic and industrial markets, reinforcing its position in the cattle food and oil sectors.
Investment Details and Financing
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The total investment required for this expansion is estimated at one crore rupees. The company plans to finance this through its internal accruals, ensuring a streamlined process without external financing. This move is in line with the company's goal to continue enhancing its capabilities while maintaining financial stability.
Timeline for Completion
Mayank Cattle Food expects to have the additional machinery installed and operational within 3 to 4 months. This timeframe aligns with the company's ambition to scale its production quickly, boosting efficiency and product availability in the market.
Strategic Rationale
The capacity enhancement at the Manavadar plant will significantly support the company’s growth trajectory, aligning with its long-term vision of optimizing production processes and catering to the increasing demand for cattle food products in the Indian market. As a result, Mayank Cattle Food is poised to strengthen its presence in the competitive cattle feed industry.
Mayank Cattle Food continues to be a trusted name in the industry, manufacturing products like maize oil, maize cake, and a variety of animal food offerings. Its extensive dealer network and commitment to quality have made it a preferred choice for cattle food suppliers and customers across India.
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