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Agri Marine Exports Ltd.

BSE: 519536 Sector: Others
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Agri Marine Exports Ltd
NSE 05:30 | 01 Jan Agri Marine Exports Ltd

Agri Marine Exports Ltd. (AGRIMARINEEXP) - Company History

Agrimarine Exports Ltd was promoted by Mr. Ramanathan Muthu in the year 1985 with the primary objective of processing and export of quality marine foods and farm products. The company started with the export of onions to Singapore and Malaysia in 1985. In the same year a large consignment of canned shrimps was successfully shipped to the erstwhile Soviet Union launching the export quality sea food. Simultaneously the company took over the sea food processing plant of Marks Marine and Plastics Ltd., Kaladipet, Madras. The transfer formalities of allied Lyons were completed by 1986. The company immediately undertook an extensive upgradation of the existing plant & machinery and equipment, erected a new 90 minutes contact freezer, renovated the cold storage and the ice plant, erected a modern laboratory and added an insulated transport truck. With this totally self sufficient processing and export of specialised marine products (both established and new) catering to emerging markets in Europe and United States. Agri Marine was one of the earlier companies in setting up IOF facility in India in the year 1990. With this, the company was able to penetrate the markets further with the products from the new IOF range and innovative packaging. The range of products subsequently increased to include various Indian Fishes both fresh water and sea water for the Indian and other ethnic communities abroad. But the most significant direction the company undertook was to produce specialised seafood gourmet products for large super markets and catering establishments of the western world. The company was converted into a Public Limited Company and was the revised certificate of incorporation from Registrar of Companies, Tamil Nadu issued. The company at present, has a processing plant at Kalaidipet, Madras with a total processing capacity of 1500 MT per annum. It also has cold storages facility with a total capacity 100 MT and ice producing capacity 2500 MT per annum. The Company has obtained the approval of the EEC and the company is hopeful of getting orders from the European market. The Company is also venturing into export of Processed Food Products and Vegetables.