MoneyWorks4Me

Kwality to close Dubai operations

12 Jul 2018 Evaluate

Kwality has deliberated the length of issues connected with recession in Global Market specifically slowdown of dairy product business in UAE, hence the business operations of Kwality Dairy Products FZE Dubai- UAE (A wholly owned Subsidiary) of the company, are hindered especially on account of heavy slum in international price of SMP and AMF.

Hence the board collectively decided to close business operations of Kwality Dairy Products FZE Dubai- UAE (a wholly owned Subsidiary) of the company in phased manner.

Kwality is one of the largest and fastest growing private dairy companies in India today with milk processing capacity, through its six state?of?the?art plants strategically located close to key north markets.

Peers
Company Name CMP
Nestle India 1364.90
Varun Beverages 434.65
Britannia Industries 4939.00
LT Foods 422.25
Hatsun Agro Product 1163.20
View more..