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LT Foods, the more than 70-year-old Indian-origin global FMCG Company in the consumer food space, has inaugurated a new state-of-the-art facility in the United Kingdom (U.K.).![]()
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With this new facility, LT Foods is set to revolutionize the rice market in the U.K. and meet the growing demand for authentic and premium rice and rice-based food products. To ensure consumers experience the finest quality of rice and rice-based food products from the trusted brands of LT Foods, the facility will house the latest technology and state-of-the-art infrastructure.![]()
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The rice and rice-based food market in the U.K. is worth around £ 1 billion. To tap this opportunity, LT Foods has made an initial investment of £ 7 million in this new facility with a commitment of further investment upto £ 50 million in the coming years. The company is expecting annual revenue to the tune of £ 50 million over the next 2 years, with a targeted £ 100 million within the next 5 years. The company will also provide employment opportunities to local talent.![]()
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Speaking on the occasion, Mr. Vijay Arora, Chairman & Managing Director, LT Foods said, “We are very excited about our newest cutting-edge facility in the U.K. LT Foods long-term goals include solidifying its market presence in the UK, becoming a leader in the rice and rice-based food segment, and continually innovating to meet the evolving demands of consumers.”![]()
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Expressing his thoughts, Mr. Ashwani Arora, Managing Director & CEO, LT Foods, said, “Our stakeholders have always been at the heart of our success. By expanding into the U.K., we aim to bring our high-quality offerings closer to consumers while ensuring that we continue to provide exceptional value to our stakeholders.”![]()
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Sharing his thoughts, Mr. Vikas Magoon, Managing Director, LT Foods Europe B.V. said, “The opening of this new state-of-the-art facility in the U.K. is a testament to our commitment to meeting the rising demand for high-quality rice products among the consumers in the U.K. Our investment here reflects our belief in the U.K. market's potential and our dedication to contributing positively to the local economy.”
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