Antunes Nadi is undergoing 'strategic expansion' in Chennai

Antunes Nadi Manufacturing India, a joint venture between US-based Antunes, a filtration systems and cooking equipment manufacturer, and Chennai-based NADI Group is expanding its India operations with a new manufacturing unit in Chennai, Tamil Nadu. And further, developing some new products and strengthening its capacity to serve the export market.
The JV has decided to develop six new types of cooking equipment targeting commercial restaurants as well as water filtration systems in India. The decision to develop this new equipment is not only for the Indian market but also towards exports. India, the Middle East and Africa where plans involve additional assembly of products, local sourcing, specifically associated with filtration products and new product development.
Antunes' CEO, Glenn Bullock, said the opportunity in the Indian quick service restaurant (QSR) market necessitated a 'strategic expansion' in Chennai and also to leverage Indian operations to serve some export markets.
The JV started its first operations in 2019 in a 4000 sq. ft unit at Madhavaram near Chennai and has gradually expanded to another 9,000 sq. ft. Also newly set up 40,000 sq. ft space at Hiranandani, with an investment of over ₹4.5 crore.
Managing Director, Antunes Nadi Manufacturing India, JB Kamdar said our company has grown very rapidly in the last 4 years and it is now setting up a new plan. Because currently we are targeting export to Africa and Middle East apart from Indian market. And with this expansion, the company plans to develop new products for India, Middle East and Africa with additional assembly of products, local sourcing, specially associated with filtration products.
Daniel Schmidt, Managing Director, International Business, Antunes, said, “In this expansion we are localizing the supply chain to procure sheet metal components and electro-mechanical components and other components from suppliers in India. For which this company will also give preference to local partners. The level of localization in its equipment is also expected to increase from 10-15 percent to 80 percent in the coming years.
The India facility is one of the overseas units of the US company. It set up its first overseas unit in China in 2003. Strategic expansion has come about in view of the growing opportunities in the quick service restaurant (QSR) market.



Comments

Post a Comment

Popular posts from this blog

India has decided to allow onion exports to Bangladesh and five other countries

As reported by a news media recently, India has decided to allow onion exports to Bangladesh and five other countries through government-to-government route on the recommendation of its Ministry of External Affairs. India is the second largest onion exporter in the world. But in December 2023, the government of India imposed a ban on onion shipments to control rising onion prices and ensure adequate availability in the market and extended it till March this year due to the upcoming national elections. India initially imposed a 40 percent tariff on onions to discourage its exports but when that move did not yield the desired results, it imposed a ban. A person familiar with the matter said that while no decision has been taken to lift the ban on onion exports outright, limited quantities of onion exports have been allowed for bilateral purposes. In addition to Bangladesh, five countries, including Nepal, Bhutan, Bahrain and Mauritius, said exports have been allowed. The Bangladesh gover...
Read more

Indonesia's state procurement agency BULOG has issued an international tender to buy about 300,000 metric tons of rice.

Indonesia's state procurement agency BULOG has issued an international tender to buy about 300,000 metric tons of rice, European traders said last Tuesday. International tenders are asking for 5% broken grade white rice. It should be available from the 2023/2024 crop year and milled no more than six months earlier. Tuesday, February 27, is the last date for registration to participate in the tender for these trading houses. The Indonesian government has allocated an additional rice import quota of 1.6 million metric tons for 2024. The latest import quota, which was above the previously approved 2 million tonnes for 2024, comes amid expectations that the country's January-March rice harvest will be lower than last year due to normal rainfall in Java - the country's main rice-growing region. A severe drought in Southeast Asia's most populous nation has reduced production of staple foods, driving up crop prices. As a result, the price of imports has to be increased. In suc...
Read more

Exports of leather goods from India will decline by 13-15 percent in the current fiscal

Chairman of the Indian Finished Leather Manufacturers and Exporters Association, K.R. Vijayan said exports of leather goods from India will decline by 13-15 per cent in the fiscal year 2023-24. But with strong winter demand for leather products in Europe, we expect a strong rebound of around 20 per cent in FY25 on account of new orders from there. Exports of finished leather were $4.87 billion in 2021-22, increasing to $5.26 billion in 2022-23, while exports in the current fiscal year 2023-24 till October were $2.81 billion, which is 13 percent lower than October of the previous fiscal. Considering the country's export growth potential and consumer base, we have set a target of $47.1 billion turnover in the footwear and leather industry by 2030, Vijayan said. Of which $33.4 billion is domestic industry turnover and the remaining $13.7 billion is export turnover. But we need innovation in both technology and advanced machines to achieve this goal. India is the second largest exporte...
Read more