In response to the increased demand for its equipment and to expand its operations, Kanchan Metals, a leading and pioneer company manufacturing food processing machines, has announced the expansion of its equipment manufacturing division. The company plans to develop a new manufacturing plant in NCR to offer additional capacity for its anticipated business growth in the upcoming year.
According to Kanchan Metals, the proposed expansion is in terms of both the range of equipment and operations scale. The company has planned Rs 15 crore outlay for its upcoming project, intending to double the machinery manufacturing revenues in years thereafter. The project is presently in the design and R&D stage.
Speaking about the expansion, Raghav Gupta, director, Kanchan Metals, said, "This is an exciting time for Kanchan Metals. With the new site acquisition and upcoming projects, we hope to serve our customers even better, hire new talents and continue to prosper. We want to grow our revenue and at the same time become an attractive organization for hiring new talent. At the moment, we have identified the equipment manufacturing division as a key growth driver for our business. We are focused on developing new solutions that can create a difference, add value to our services and facilitate our customers."
Kanchan Metals states that it is working on several aspects to strengthen its business, such as standardization of design and building of top-selling products and R&D to develop key processing equipment with fewer or no alternatives in the local market. The company's focus is on niche markets such as the processing of snack food and ethnic Indian food and bespoke conveying in the packaging section.
Sanjeev Gupta, managing director Kanchan Metals, added, "Several of our key customers seek to increase capacity, which has fueled the need for bigger and robust machinery. The expansion is in full swing as we have already acquired the land, will be soon taking its possession, and finalize the machinery production project. Also, we are investing in workforce resources to meet increasing customer demands."
Being a well-defined essential commodity, the food processing industry has done well even during the pandemic. It is one of the few sectors which experienced the least hurdles apart from logistical problems. Benefitting from the same, Kanchan Metals has been fortunate enough to have a steady inflow of orders in 2020. The leading trend that has supported the company's business's growth is the demand for snacks and convenience food, especially frozen food and bakery items. Moving ahead, the company aims to hire talented resources in the upcoming year and achieve a year-on-year growth rate of 20%.
Noida-based Kanchan Metals is dedicated to offering end-to-end solutions to the needs of food processing companies across India. The company has partnered with renowned international food processing equipment manufacturers to offer the Indian market quality equipment and after-sales services of the highest standard. From humble beginnings in the late '90s, Kanchan Metals has emerged as a strong partner to its customers. The company has 20 years of experience in the automation of various international and regional snack food products.