Joint Venture11 Feb 2025, 09:07 pm
Chatha Foods Limited and Frigorifico Allana Private Limited Announce Joint Venture for RTC/RTE Meat and Chicken Products
AI Summary
Chatha Foods Limited (CFL) and Frigorifico Allana Private Limited (FAPL) have announced a joint venture by signing a Shareholders Agreement (SHA). The JV Company will manufacture and sell RTC/RTE Meat Products and RTC/RTE Chicken Products, with a processing plant capacity of 6000 MT and 4500 MT per year respectively. CFL specializes in RTC and RTE chicken and meat products, while FAPL is engaged in processing and export of food products, particularly frozen and chilled meat. The JV Company will operate in both domestic and international markets. CFL will hold 70% of the JV Company's share capital, while FAPL will hold the remaining 30%.
Key Highlights
- Chatha Foods Limited and Frigorifico Allana Private Limited announce a joint venture
- The JV Company will manufacture and sell RTC/RTE Meat Products and RTE Chicken Products
- The JV Company will have a processing plant capacity of 6000 MT and 4500 MT per year for Meat and Chicken Products respectively
- CFL specializes in RTC and RTE chicken and meat products, while FAPL is engaged in processing and export of food products, particularly frozen and chilled meat
- The JV Company will operate in both domestic and international markets with CFL holding 70% and FAPL holding 30% of the share capital