Marico’s manufacturing facility located at Ponda in state of Goa has become commercially unviable due to input material supply and logistic dynamics that changed over the years. The management of the company has therefore decided to stop the production at the plant and has also offered a voluntary retirement scheme to workmen, which the workmen have accepted.
The said plant was set up in 1997 for manufacture and packaging of pure coconut oil. The management proposes to close the plant in due course for which initial preparatory steps are being taken. The management believes that these developments have no significant bearing on performance/operations of the company.
Marico is engaged in the business of branded fast moving consumer goods and branded services. The company operates in two segments, i.e., consumer products and others. The company’s consumer products include coconut oils, other edible oils, hair oils and other hair care products, male grooming products, fabric care products, healthy foods, soaps, health care products, female beauty care products.
Company Name | CMP |
---|---|
Nestle | 2165.90 |
Britannia Inds | 4705.05 |
Varun Beverages | 623.55 |
Marico | 625.55 |
Hatsun Agro Product | 1005.10 |
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