Cavin Kare eyes Rs. 1,000 cr. turnover

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Tiruchirapalli: Chennai-headquartered consumer goods maker Cavin Kare on March 15 said it is targeting Rs. 1,000 crore in total turnover this fiscal year.
The company is looking to touch a total turnover of Rs. 1,000 crore by this fiscal ending March as against Rs. 700 crore in 2008-09, Cavin Kare Ltd. CMD C.K. Ranganathan said.
For the last four years the company has been maintaining a growth rate of 35-40 percent year-on-year, he added.
On the company’s expansion plans Ranganathan said, a Rs. 70 crore state-of-the-art snacks manufacturing unit would come up in Thane in Maharastra at an 8-acre land, which would commence production by September.
Cavin Kare is also taking steps to enhance the export volume with special focus in Australia, Mid Europe and African countries.

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