FMCG firm Hindustan Foods (HFL) said it has obtained all required licences and started commercial production of pest care products at the manufacturing factory in Jammu which it acquired from Reckitt Benckiser India last year.
HFL said “Further to the corporate announcement by the company regarding the acquiring of the pest products manufacturing unit at IGC II, SIDCO Samba, J&K from Reckitt Benckiser (India) Pvt Ltd (RBIPL) on a going concern basis. The company has obtained all required licences and started commercial production from January 2, 2018. HFL has entered into a 7 years committed supply agreement with RBIPL and we hope to have minimum revenue in the range of Rs 750 crore to Rs 850 crore during the entire agreement period”.
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