Ruchi Soya and RF Solutions take the lead on sustainable soy from India 's-Hertogenbosch, The Netherlands, November 19, 2013: India's largest Soy processing Company, Ruchi Soya Industries Limited (Ruchi Soya) is proud to announce its Sustainability Verification Programme during the important and prestigious 2013 edition of the Food Ingredients Europe Exhibition. Ruchi Soya and its exclusive European marketing company RF Solutions, have teamed up with ProTerra Foundation and Solidaridad to engage in this initiative towards long term sustainability in Soy


Mr. Sarvesh Shahra, Business Head, Food and Specialty Products Division said, "The market is clearly shifting towards sustainability and is demanding sustainably produced agricultural products. Ruchi Group is working closely with the famers in India for the past three decades. This is the right time for Ruchi Soya to take the lead in developing India's first long term sustainability program and offer its customers a completely integrated solution. The European Union is a key and priority market for Non-GM Soy products.. Along with RF Solutions, Ruchi Soya will now provide its customers, the right solutions for sustainability and meet all the future demands from India. This initiative will help brighten the lives of millions of farmers across India and farmer livelihood development has always been at the core of Ruchi Soya's corporate philosophy. Ruchi Soya is proud to be a partner in this initiative, our commitment to Non-GM foods is reiterated with this global alliance."

With a proven track record on sustainability programmes in Brazil, Canada and France, The ProTerra Foundation is a valuable partner of the validation programme. Solidaridad has been working for many years in assisting farmers with sustainable practices and has been developing farmer programmes in India now for about 5 years.

The programme's starting point is the purchase of 12,000 RTRS credits followed in the near future through the purchase of 12,000 MT of certified beans. This will help over 10,000 certified farmers in the programme and additional 20,000 farmers who are improving their practices to become certified. The sale of certified non-GMO lecithin and soya meal shall gradually increase in the coming years under the programme. Meanwhile, Solidaridad plans to increase the farmer training programme to reach 70,000 farmers in the coming 2-3 years in India. The certification of groups of farmers and the verification work under the ProTerra Standard will be carried out by Cert ID, a company that has been in the Indian Non-GMO market for over 10 years.

The values estimated for buying the soya beans in India and for fostering the sustainability programme will be acquired and paid to the stakeholders in the programme through the sale of products under Chain of Custody Certificates in Europe. This will enable Ruchi Soya to buy the beans physically from the farmers who are participating in the programme, but most importantly, contribute to improving their livelihood and well being.

About Ruchi Soya Industries Limited:

Ruchi Soya is India's leading FMCG Company, India's number one cooking oil and soya food maker and marketer. Ruchi Soya has a turnover of over US$ 5 Billion and is an integrated player, from farm to fork. Ruchi Soya has secured access to oil palm plantations in India and other key regions of the world. Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya is committed to renewable energy and exploring suitable opportunities in the sector.
About RF Solutions:

Established in 2009, RF Solutions introduced the Ruchithin soya lecithin from the Indian company Ruchi Soya Industries Limited onto the European market. Incorporating the sales and marketing experience as well as the technical expertise of RF Solutions. RF Solutions has enabled Ruchi Soya to become the industry leader in full traceable Non-GMO soya lecithin. Other ingredients RF Solutions successfully markets today include Ruchi Soya's fatty acids, tocopherols. soy meal and guar gum split.

If you would like to receive more information:
Yogesh Kolte Saskia Brokx
Head, Corporate Communication, Ruchi Soya Industries Limited RF Solutions
(+91) 98 2030 9121 (+31) 73 6481420 [email protected] [email protected]

Source: http://noodls.com


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ITC, Ruchi Soya among world’s fastest growing consumer firms

Two Indian companies ITC and Ruchi Soya were among the world’s 50 fastest growing consumer firms during the June 2009-June 2010 period, according to the latest annual report by market research firm Deloitte.

According to the 4th annual report “Global powers of the consumer products industry 2011,” by the firm, India’s ITC Ltd, which sells cigarettes, food and personal care products besides presence in hospitality and paper segments, has been ranked 15th in the list, while edible oil maker Ruchi Soya stood at the 20th position.

The Deloitte report identified 250 largest consumer products companies, based on data available for the 12-month period between June 2009 and June 2010. During the period, ITC’s net sales stood at $4.04 billion at a growth rate of 17.2 per cent, while Ruchi Soya grew by 14.3 per cent with an annual sales of $3.01 billion.

France’s food processing firm Groupe Bigard SA topped the list by growing at a rate of 80 per cent and sales of $6.27 billion for the period.

“Currently, while India is represented by only two companies among the 50 fastest growing consumer product companies, there is a huge potential as large Indian conglomerates in the consumer business sector are witnessing strong growth,” Deloitte in India Senior Director Rajan Divekar said.

He said India’s growth story comes from the increasing consumption power among Indians and the modernisation of retailing. “As the Indian retail industry modernises, the cost of distribution is likely to fall, suppliers will have an incentive to invest in technology and consumers will gain access to cheaper, fresher and safer products,” he said.

While the list was mainly dominated by food, beverages and tobacco firms, most of the companies were from emerging markets, including Latin America and Asia Pacific region. Some of the other well-known global firms which are among the 20 fastest growing companies include Research in Motion, Reckitt Benckiser, LG Electronics and Samsung among others.

The report also highlighted that while there has been an overall 1.2 per cent decline in sales among the top 250 firms across the globe, the 50 fastest growing companies increased sales at a rate of 18.2 per cent.

“Acquisitions served as the primary growth driver for the fastest growing companies. Nine of the first 10 fastest 50 companies made significant acquisitions in 2008 and/or 2009, (and) propelled top line growth,” the report said.

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FMCG company Ruchi Soya Industries today signed an agreement with Japan''s Kagome and Mitsui to set up a joint venture (JV), RuchiKagome, to manufacture tomato products in India.

"Currently the total annual demand for processed tomato in the country is two lakh tonnes. We are planning to launch a range of tomato products along with Kagome," Ruchi Soya Managing Directer and Founder Dinesh Shahra said.
The company is looking to gain about 20 per cent market share in this segment in the next five years.

Ruchi Soya will have 40 per cent stake in the JV and the rest will be held by a special purpose company created by Kagome and Mitsui. Kagome and Mitsui own 66.7 per cent and 33.3 per cent stakes respectively in the SPC.
RuchiKagome will set up a manufacturing unit in Maharashtra with initial investment of Rs 44 crore and the commercial production will begin from June 2014, Dinesh Shahra said.

The company is planning to procure tomato directly from the farmers in the western region, he said. In the first phase, RuchiKagome will target business-to- business model in markets in and around Mumbai, NCR and Bangalore and is expecting Rs 340 crore revenue, then it would move to the business-to-consumer, he said.

"We will also look into exporting our products to countries where our JV is present. However, our initial focus will be on the domestic market," he said.
India is the second largest tomato producer in the world with 17 million tonnes production annually after China. Kagome is a leading tomato product company in Japan and supplies food and beverage products in 50 countries.

Source : http://news.in.msn.com.


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FMCG major Ruchi Soya, which has soya food brand Nutrela and edible oil brand Ruchi under its portfolio, is planning to foray into the ready-to-cook segment soon.

"Going forward, the company is planning to focus on branded products. We will soon enter into the ready-to-cook segment soon, especially in the breakfast category, that may be an integration of soya food," a company source said here without giving any further details.

According to industry data, the total (organised and unorganised) ready-to-cook and eat market in the country stood at $13 billion in 2013.
Ruchi Soya, with a turnover of Rs 26,000 crore, is into cooking oil, palm plantation and also has products under soya foods, bakery fats and vanaspati products.

The company has five port based refineries, three standalone crushing plants, eight integrated crushing and refining plants, one refinery and vanaspati plant and two palm fruit processing units.

Talking about the company's future plans, Ruchi Soya Industries founder and Managing Director Dinesh Shahra said, "The company is planning to stress more on branded products, which will give us better margins. We are also planning to rebrand our existing products and venture into newer markets in the country."

The company has a very strong presence in the southern and western regions of the country, said Shahra, while speaking on the sidelines of 'Globe Oil 2013' here.

"Going ahead, we will build a strong brand presence in the northern and eastern region of the country," he added.

Talking about the overall growth of the company in this fiscal, Shahra said, "We are bullish on the crushing season. With good onset of monsoon and improved production of oilseeds in the country, we are hoping for better utilisation of crushing capabilities, which will lead to better results."

"Indian rupee's depreciation is bringing slowdown in the businesses, therefore, we are looking at competitive opportunities of growth in export driven products," he added.

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Solvent extraction and edible oil processing company Ruchi Soya Industries is eyeing acquisitions of palm plantations in African countries, a top company official said on Saturday.

“We are looking at African countries like Zambia and Ghana for palm plantations. We bought 25,000-hectares recently in Ethiopia,” Ruchi Soya Managing Director Dinesh Shahra, told reporters.

In view of higher palm oil prices, palm plantation costs have gone up in Malaysia and Indonesia, therefore buying land in these countries is not a lucrative option, he said, adding that the company is considering to go for joint ventures. In July, the company had formed a wholly-owned plantation and processing subsidiary in Singapore under the name of Ruchi Industries Pvt Ltd. The Singapore arm will be engaged in plantation and processing, dealing in agricultural commodities and acquisitions or investments.

Source : http://deccanhearld.com
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