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Farmax India to reduce trading business of out-sourced products

29 Aug 2012 Evaluate

Farmax India has decided to reduce or stop the trading business and marketing of other out-sourced products as the prices of the raw materials like Wheat, Rava, Maida, Atta etc has hiked drastically in recent times and due to which the company is going to incur huge losses. The company will continue only manufacturing of its products and their marketing.

The company is also planning to expand its business of over the counter products by using the same selling and distribution network of the company’s existing FMCG network.

The company is engaged in the business of manufacturing and marketing of fast moving consumer goods. It has a manufacturing facility with advanced technology imported (machinery is one of the highly sophisticated in that category and was imported from Italian food Major) and indigenous automated machines to meet quality consistency and  market demand with minimum manufacturing cost resulting affordable finished product cost with consisted quality.

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