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Campco’s turnover crosses Rs 1,800 cr with purchases spurring growth
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Monday, 10 June, 2019, 13 : 00 PM [IST]
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Our Bureau, Bengaluru
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Campco, for the financial year 2018-19, has not only crossed an all-time high turnover of Rs 1,878 crore, but has also achieved record purchases and sales in the history of the company for its quality products.
The company is now constructing a modern master godown at Kavu, Puttur, of about 1 lakh sq ft, with a separate cocoa processing unit to cater to the export market. Efforts are on to provide sufficient storage space for farmers’ produce. In this direction, it proposes to construct master godowns at Baikampady, Belthangady, Sagar and Thrissur during this financial year.
The communication note from the company stated that the arecanut purchases were valued at Rs 1,589.15 crore, and its sales were valued at Rs 1,593.40 crore. In the case of cocoa, purchases were valued at Rs 76 crore. For pepper, the purchases were valued at Rs 24 crore and its sales recorded Rs 27 crore. While the rubber sales value was Rs 28 crore and the chocolate sales registered Rs 203 crore.
In order to have more value-added products from arecanut and to increase arecanut productivity, Campco, in collaboration with the ARDF, Mangaluru and SDMIT, Ujire, organised seminars on entrepreneurship development and industrial opportunities in areca and honey bee farming at SDMIT, Ujire.
“To have intercrops in arecanut gardens, Campco has arranged to distribute 30,000 pepper saplings to the members at a subsidised rate,” said Suresh Bhandary M, managing director, Campco.
“In order to safeguard the member growers crops like arecanut, cocoa, rubber and pepper, we have distributed ISI-quality Campco brand copper sulphate to the tune of 142 MTs (million tonne) through all our branches and agent societies to the farmers at a reasonable rate. Campco, in collaboration with CPCRI, is also conducting research on value addition of its products,” he added.
To cater to the increased demand, the factory has now installed a Choco Chips, a new drop chocolate plant of 10 MT per day capacity, imported from Turkey at a cost of around Rs 3.50 crore.
To meet the present international food safety standards and zoning of food processing area as per FSSAI standards, the Campco chocolate factory had its new amenity building with food safety system certification, environmental management system, occupational health and safety assessment series and quality management system.
“Exclusive Campco chocolate kiosks are functioning at Puttur for local consumers to access the entire varieties of chocolate products. Another kiosk is functioning at Bengaluru too,” said the company.
Also present during the performance audit were S R Satishchandra, president, Campco, Shankaranarayana Bhat Khandige, vice-president, Campco, and Reshma Mallya, general manager, Campco.
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