Foodco and India's Hindalco sign deal

ABU DHABI — The Abu Dhabi National Foodstuff Company (Foodco) yesterday signed an agreement with Indian company Hindalco, Asia's largest integrated primary producer of aluminium, formalising a commercial relationship to produce the Wrap ‘n’ Roll brand of aluminium foil rolls for distribution within the UAE and for re-export to the neighbouring markets.

By A Staff Reporter

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Published: Mon 11 Apr 2005, 10:27 AM

Last updated: Thu 2 Apr 2015, 3:59 PM

Foodco’s Managing Director, Ahmed bin Ali Khalfan Al Dhahery signed the agreement along with Hindalco’s General Manager, Debashis Pati, at a meeting in Abu Dhabi yesterday.

"This commercial venture will ensure a steady and high quality supply of aluminium foil rolls to the UAE, while Foodco through its extensive distribution network and supplier base will undertake sales and marketing of Wrap ‘n’ Roll aluminium foil rolls which will be produced to international specifications," said Mr. Al Dhahery. He added that there was a considerable demand for high quality aluminium foil rolls in the UAE and the region from the corporate hospitality industry as well as end users. "There is a dearth of high quality aluminium foil rolls in the regional market and the companies that are supplying aluminium rolls are either of a very inferior grade or are too highly priced and this has created a vacuum in the market.

We are positive that our agreement with Hindalco, who are the most cost-efficient producers of aluminium globally, will eventually benefit the regional consumer and help us deliver on our promise of providing genuine satisfaction to the consumer," Mr. Al Dhahery remarked.

"We are delighted to partner with Foodco, one of UAE’s leading FMCG companies involved in foodstuff distribution operations," said Pati.

He said: "Over the years, Hindalco’s name has become synonymous with quality and pulls the entire aluminium market upwards. Our stringent quality control standards, have ensured that a Hindalco-certified product, assumes very high credibility internationally," Mr. Pati observed.

The initial production run for Foodco will comprise 86,000 cases per annum of varying gauges from 12 microns to 19 microns and roll measurements would range between 7.7 meters and 61 meters.

Hindalco Industries Limited, a flagship company of the Aditya Birla Group, is structured into two strategic businesses - aluminium and copper - and is an industry leader in both segments. A non-ferrous metals powerhouse, of global stature with consolidated revenues of Rs 81960 million, company's integrated operations and operating efficiency have positioned Hindalco as India's largest integrated player in aluminium.



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