CORN PRODUCTS GETS A SHOT OF ADRENALIN

Article Abstract:

Despite being in the business for 67 years, Corn Products Co has a turnover of Rs38 crore. This is due to CPC operating in the rich foods market where volumes are not big. Its product range includes Knorr brand of instant soups, Rex band of jelly crystals and Brown & Polson brand of custard powder. Knorr's 50 percent market share translates into Rs15 crore sales annually. CPC recently acquired the Captain Cook brand of salt from DCW Home Products and the Tarla Dalal brand of 18 instant foods. These products are expected to boost its turnover by about Rs60 crore. Along with the Captain Cook salt comes its 10,000 tonnes per annum plant in Gujarat. The salt brand has a 19 percent share of the Rs280 crore iodised salt market in India. The parent company, Best Foods of USA, is likely to strengthen CPC both technologically and financially. (uh)

Comment:

Acquires the Captain Cook brand of salt from DCW Home Products and the Tarla Dalal brand of 18 instant foods

Facilities & equipment, Spice and Extract Manufacturing, Dried and Dehydrated Food Manufacturing, Dried Soup Mixes, Table Salt, Salt (Food), Article, DCW-Home Products Ltd., Corn Products Co. (India)

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LIFE AFTER LAFARGE

Article Abstract:

Lafarge of France, an international cement company, purchased the 1.73 million tonnes per annum cement plant of Tata Iron & Steel Co (Tisco) for a record Rs480 crore in December 1998. The plant is in Madhya Pradesh. This acquisition gives Lafarge a market share of 2 percent. Lafarge's price will be a benchmark. It will raise the expectations of potential sellers, while making it costlier hereafter for Indian companies to buy a cement plant. (tsm) (kvr)

Comment:

Lafarge of France, an international cement company, purchased the 1.73 million tonnes per annum cement plant of Tata Iron & Steel Co (Tisco) for a record Rs480 crore in December 1998.

United States, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Cement, Cement Manufacturing, Lafarge Group, Tata Steel Ltd.

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