Spice extracts business Mane Kancor has announced a major, three-year expansion plan it will embark on in its golden year.
Related: Mane Expands With Production and R&D Capabilities
Kancor Ingredients, which has been a part of Mane since 2014, has invested more than $18 million in the last four years and in the next 36 months will invest more than $21 million for the expansion.
This plan includes expanding existing manufacturing facilities, setting up new facilities and incorporating new technologies. Mane Kancor will continue the expansion of its facilities in Kerala, Karnataka and Uttar Pradesh states in India.
In Karnataka, the company plans to set up a facility adjacent to the existing facility at Byadgi. The facility at Angamaly is all set to undergo a major revamp with focus on R&D and new products. It will take three years for the completion of the projects.
Mane Kancor is currently in the process of acquiring around 50 acres of land for setting up a new processing center, which will act as the major processing center of the company for the next 25-30 years.
In terms of employee welfare, the attrition rate at Kancor, which currently employs over 600 people, is less than half the industry average of 9-10%. The company has launched numerous initiatives for the welfare of its employees and has developed a mutually beneficial association with the workers’ unions for higher productivity.
In and around mint farms in UP around Bareilly, the company is involved in many sustainable agro initiatives to improve the yield of mint and thereby improving farm incomes. Several other agro initiatives taken up for the promotion of crops like chillies, rosemary, ginger, turmeric, lemongrass and tuberose are done with IT enabled services.
The key focus of the agriculture business division is to assist farmers to adopt Good Agricultural Practices (GAP) with a special focus on sustainability and traceability, thereby improving their social, environmental and economic conditions.
Over the years, Kancor has launched many Corporate Social Responsibility (CSR) programs, which include lighting of villages, clean drinking water plants, unique initiatives for supporting farmers’ families, health and sanitation, special education and employment enhancing vocational skills especially among children, women, elderly persons and differently abled persons.
Addressing a media conference on 13th Feb, 2020 at Kochi, Geemon Korah, CEO and director, Kancor Ingredients Ltd., said:
We carry out major expansion activities in every 10-12 years with a vision for the next 20 years. The last time we carried out a major expansion was in 2004-2005. However, this time we have planned it with a vision for the next 25 years and made it part of the Golden Jubilee celebrations. It is our gift to our employees, stake holders and business partners. At present, all our facilities are operating at their fullest capacities.
The company’s success lies in the unyielding commitment to excellence. Right from the global sourcing programmes, we ensure that they work closely with the farmers to enrich their work and livelihoods. The initiatives of backward integration for specific crops and community development have already provided very positive responses.The sense of commitment continues in the facilities, where state-of-the-art plants deal with the delicate and intricate processes of extraction, distillation and the purification of actives. Our R&D division tirelessly innovates to fulfill complex orders from varied industry segments. We are pioneers in the development of several products, be it the isolation of Curcumin from turmeric in 1978, product advancements made in the field of natural colours and natural antioxidants. Kancor has contributed significantly to the industry. The acclaims and awards won by Kancor is a testimony to our commitment and spirit to bring the best to the world.