Alpine Industries was originally set up as Alpine Malt and Breweries and was subsequently renamed as Alpine Solvex in Aug.'80. In 1983, the Bhandaris took over the company and set up a solvent extraction plant at Pithampur. In Oct'94 company has changed its name from Alpine Solvex to Alpine Industries. Company is managed by Ranjit Vithaldas who is the chairman and Jamboo Bhandari, the managing director. The last few years have seen a shift in consumer preference towards soyabean oil as a cooking medium. The company has set up a 50-tpd vegetable oil refinery and food- / pharmaceutical-grade lecithin plant. The company came out with a rights issue in May '92 to part-finance the project to increase its soyabean solvent extraction capacity. In 1994-95, the company commissioned its world class soyabean processing plant (cap.: 4,50,000 tpa) to produce high-quality soyabean, raising the total capacity to 9,00,000 tpa. The expansion of vegetable oil refinery with a capacity of 100 tpd at Neemuch, was commissioned and the installed capacity of refined oil was increased from 30,000 tpa to 60,000 tpa. In 1996-97, the company earned foreign exchange worth Rs 154.82 cr.