Godrej, the Indian multi-business conglomerate, has signed a Memorandum of Understanding with the government of Telangana to invest 10,000 crore INR ($1.19 billion) in the state over the next few years. The investment will be distributed across several of the group’s key business units. Godrej Agrovet, the company’s agribusiness arm, plans to establish an integrated oil palm complex including a processing plant and a refinery. Additionally, the group’s dairy division, …
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Godrej, one of India’s leading home and personal care companies, has announced its first foray into pet food with the launch of the Godrej Ninja brand. Backed by a 500 crore INR ($60 million) investment over five years, Godrej Ninja is a dry dog food developed at the Nadir Godrej Centre, featuring probiotics, prebiotics and polyphenols for gut and immune health. Commenting on the launch, Godrej Pet Care chief executive officer Robert Menzies …
Creamline Dairy Products, a subsidiary of Godrej Agrovet (part of the Godrej group) and a dairy player in southern India, is investing 30 million crore ($4.5 million) to set up a new plant in Visakhapatnam, Andhra Pradesh, India to increase dairy production, according to a report in the Business Standard. The company currently owns seven factories – two in Hyderabad and one each in Madanapalli, Vijayawada, Karnataka and Nagpur – …
Household and personal care firm Godrej is set to expand its presence on the continent of Africa with the acquisition of two haircare firms, according to a report in Progressive Grocer India. The Indian firm, through its Africa-based subsidiary Darling Group, has reportedly acquired 100% of the shares in a company called Hair Credentials Zambia, and 51% in Weave Senegal. Godrej will pay “nil consideration for acquisition as the target entities …
Godrej, one of India’s leading home and personal care companies, has announced plans to expand into new African markets with the acquisition of a majority stake in Kenya-based Canon Chemicals. Canon Chemicals manufactures and distributes products in the personal and home care categories. Its major brand is Valon, a petroleum jelly, although the company is also active in air fresheners, detergents and candles. In 2015, the annualised revenue of the business was 1,146 million …
Indian household and personal care company Godrej Consumer Products Ltd (Godrej) has announced ambitions to achieve sales of Rs 100 crore ($16.6 million) through its Protekt brand. The company was speaking as it unveiled product launches of a hand sanitizer, handwashes, and a skin mosquito spray under the Protekt brand. According to Sunil Kataria, Godrej COO, the market of sanitizer products and repellents has increased in the last few years …
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