Sri Lanka’s Cargills is considering exporting dairy products to export markets.
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“We are strongly looking at opportunities to export our (dairy) products as we possess the required high standards,” Ranjith Page, its managing director told a news conference late yesterday [Wednesday].
The company owns a chain of supermarkets and makes its own food products. It is owned by Ceylon Theaters Ltd., which owns and operates a chain of cinemas.
The company earlier this year set up a new unit, Cargills Dairy Foods, after it acquired a modern ice cream factory from the Sri Lankan subsidiary of Anglo-Dutch consumer goods giant Unilever.
Page, speaking at the official launch of the company’s ice cream products – “Cargills Magic” – said it will first introduce its products at nearby markets like India and the Maldives once it consolidates its local dairy operations, reported Dow Jones Newswires.
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By GlobalData“Singapore and Dubai and other markets we would like to tap over the long term,” he added.
The new unit, which will contribute about 20% to the company’s bottom-line, is expected to produce other dairy products like flavored milk and yoghurt in the coming months for the local market.
