LT Foods inaugurates new state-of-the-art facility in UK to expand rice market presence

LT Foods, a venerable Indian-origin FMCG company with over 70 years in the consumer food space, has announced the inauguration of a new state-of-the-art facility in Harlow, United Kingdom. This strategic move is designed to capture a significant share of the UK’s £1 billion rice and rice-based food market, reflecting the company’s ambitious expansion goals and commitment to delivering premium products.

The new facility spans an impressive 100,000 square feet and is strategically located to optimize distribution and logistics for the UK market. Equipped with the latest technology, the facility aims to enhance the production capacity and efficiency of LT Foods, enabling the company to produce 60,000 tonnes of rice annually. This significant capacity underscores the company’s readiness to meet the growing demand for high-quality rice products in the region.

LT Foods has committed an initial investment of £7 million to this new facility, with plans to invest up to £50 million in the coming years. This investment is expected to generate significant economic activity in the region, including the creation of numerous jobs for local residents. The company projects that this new facility will contribute approximately £50 million in annual revenue within the next two years and aims to double this figure to £100 million within five years.

Vijay Arora, Chairman & Managing Director of LT Foods, expressed enthusiasm about the new facility, stating, “This new facility is a critical step in achieving our objectives and furthering LT Foods’ mission of delivering high-quality rice products to global consumers.” He emphasized the strategic importance of the UK market in LT Foods’ overall growth strategy and its commitment to becoming a leader in the rice and rice-based food segment.

Ashwani Arora, Managing Director & CEO of LT Foods, remarked on the strategic expansion, “By expanding into the U.K., we aim to bring our high-quality offerings closer to consumers while ensuring that we continue to provide exceptional value to our stakeholders.”

Vikas Magoon, Managing Director of LT Foods Europe B.V., highlighted the facility’s role in meeting rising consumer demands and supporting the company’s growth and innovation strategies. He noted, “With our new facility in Harlow, we are well-positioned to leverage this potential, ensuring efficient delivery of our food brands and enhancing our market presence.”

The opening of LT Foods’ new facility in the UK is a significant development in the global food industry, reflecting a trend where companies are increasingly investing in advanced production capabilities to meet specific regional demands. This facility not only positions LT Foods as a formidable player in the UK but also sets a benchmark in the industry for integrating cutting-edge technology in food production. As LT Foods continues to expand its footprint, it is likely to encounter opportunities for further growth and innovation, potentially influencing market dynamics in the European food sector.