Amira Nature Foods and UPL Enter Strategic Alliance to Build a Productive Rice Value Chain
August 12 2016 - 08:00AM
Business Wire
Amira Nature Foods Ltd (NYSE: ANFI) (“Amira”), a leading global
provider of branded speciality rice, including basmati and other
food products, and United Phosphorus Limited (“UPL”), a leading
crop protection and seed company, have created a strategic alliance
to build a productive rice value chain in India and other parts of
the world.
Founded in 1915, Amira has evolved into a leading global
provider of branded packaged specialty rice, including Basmati and
other food products, with sales across five continents around the
world. Amira primarily sells Basmati rice, which is a premium
long-grain rice grown only in certain regions of the Indian
sub-continent, under its flagship Amira brand as well as under
other third party brands. Amira sells its products through a broad
distribution network in both developed and emerging markets.
UPL produces rice seeds in India and is engaged in developing
and marketing innovative rice crop solutions in India and other
parts of the world. UPL is represented by its flagship company,
RiceCo, which develops rice technologies for farmers in the United
States, South America, Asia and Africa. UPL is engaging rice
farmers through its digital advisory services company, Adarsh Kisan
Services which provides regular agronomic support to farmers while
UPL provides farm services that include custom application of crop
protection solutions including post-harvest applications.
Mr. Karan A. Chanana, the Chairman of Amira, stated, “Amira
Nature Foods is an important off-taker of rice from the farmers
with capabilities of quality milling and marketing of its rice
brands and we look forward to our alliance with UPL.”
Mr. Jai Shroff, the Chief Executive Officer of UPL, stated,
“Both UPL and Amira have made an important strategic alliance to
build a productive rice value chain in India and other parts of the
world.”
About Amira Nature Foods Ltd
Founded in 1915, Amira has evolved into a leading global
provider of branded packaged specialty rice, including Basmati and
other food products, with sales across five continents around the
world. The Company primarily sells Basmati rice, which is a premium
long-grain rice grown only in the geographically indicated region
of the Indian sub-continent, under its flagship Amira brand as well
as under other third party brands. Amira sells its products through
a broad distribution network in both the developed and emerging
markets. The Company’s global headquarters are in Dubai, United
Arab Emirates, and it also has offices in India, Malaysia,
Singapore, Germany, the United Kingdom, and the United States.
Amira Nature Foods Ltd is listed on the New York Stock Exchange
(NYSE) under the ticker symbol “ANFI.”
For more information, please visit www.amira.net.
Safe Harbor for Forward-Looking
Statements
This press release contains statements of a forward-looking
nature. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by words or
phrases such as “may,” “will,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“future” or other similar expressions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our financial condition, results of operations,
business strategy and financial needs. There is no assurance that
our current expectations and projections are accurate. These
forward-looking statements include, but are not limited to:
- our goals and strategies;
- our operations and expansion
plans;
- our future business development,
results of operations, financial condition and financial
statements;
- our ability to protect our intellectual
property rights;
- projected revenue, EBITDA, adjusted
EBITDA, profits, adjusted profits, earnings, adjusted earnings and
other estimated financial information;
- our ability to maintain strong
relationships with our customers and suppliers;
- governmental policies regarding our
industry; and
- the impact of legal proceedings.
You should not place undue reliance on forward-looking
statements and you should read these statements in conjunction with
the risk factors disclosed in “Risk Factors” appearing in Amira’s
Annual Reports found on the SEC’s website located
at www.sec.gov. Those risks are not exhaustive. We operate in
a rapidly evolving environment. New risk factors emerge from time
to time, and it is impossible for our management to predict all
risk factors, nor can we assess the impact of all factors on our
business or the extent to which any factor, or combination of
factors, may cause actual results to differ from those contained in
any forward-looking statement. We do not undertake any obligation
to update or revise the forward-looking statements except as
required under applicable law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160812005048/en/
For Investor Inquiries:Amira Nature Foods LtdBruce Wacha,
646-779-1984Chief Financial
Officerbruce.wacha@theamiragroup.com
Amira Nature Foods (NYSE:ANFI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Amira Nature Foods (NYSE:ANFI)
Historical Stock Chart
From Mar 2023 to Mar 2024