CONGLOMERATE Seprod Limited aims to expand into making whipping cream locally in order to snatch a portion of the US$2 million of annual imports from that product.
This is part of the company’s ongoing US$4.6 million ($530 m) in milk investments this year. In addition to whipping cream Seprod will add yogurts, smoothies and cheeses. Finally it will invest in its farm in order to double the milk yield per cow.
“There is a sense of optimism from a manufacturing standpoint that we have a chance,” Seprod chief executive officer Richard Pandohie told the Observer in a phone conversation on Monday. “We are committed to import substitution.”
Published in the Observer
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