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Amison Foods Ltd.

BSE: 519275 Sector: Others
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Amison Foods Ltd
NSE 05:30 | 01 Jan Amison Foods Ltd

Amison Foods Ltd. (AMISONFOODS) - Company History

Incorporated in 1987, Amison Foods processes and exports block-frozen and canned marine food. In Dec.'92, AFL expanded its processing capacity from 5 tpd to 23 tpd and acquired a 15-tpd cold storage capacity. The facilities are located at Cochin, Kerala. The company has preferred to export in the block frozen form than in the individually quick forzen (IQF) form which carries higher value-addition, since the latter requires higher investment both in terms of equipment and creation of marketing channels. AFL is a 100% EOU and the entire production is exported to various countries like the US, UK, Japan and France. By pioneering the export of live crabs and octopuses from India, Amison Foods has set a standard that will prove difficult to emulate. Within five years, the company has emerged as one of the leading processing / exporting units in India. An award in 1992 for excellence in exports and development of new products was just the recognition its performance merited. Amison has been able to manoeuvre a position in the quality-conscious Japanese market, while it enjoys widespread patronage in Europe and east Asia. The company earned foreign exchange worth Rs 12.36 cr during 1993-94. During the year 1996, the new Block Freezing plant at Veraval, Gujarat has commenced production from Feb'96. During early 1998 the Individually Quick Frozen (IQF) plant at Edacochin, Kerala started its trial production. The plant has been built to conform to the requirement of Hazard Analysis Critical Control Point (HACCP) and European Union (EU). The approval from EEC is expected shortly. During the year 1999-2000, the company has registered with BIFR to be complied under SICA and is awaiting for a suitable relief package.