New KCC injects Sh1 billion in modernisation plan
SEE ALSO :New KCC installs Sh150 million equipmentSome of the New KCC factories that have received a face-lift and equipment installed include Eldoret, Thika and Nyahururu. The modernisation, the MD said, had enabled the company to improve its market share from 23 per cent to 32 per cent while revenue shot up to Sh4 billion in the past three years. He said the firm’s turnover had increased to Sh10 billion annually. “The stability in the company after we kicked off the modernisation plan has aided us to improve our intake by 40 per cent and attracted more milk. Farmers’ earning has increased from Sh2.5 billion to Sh5 billion,” he said. Sigey said the company had put in place robust extension services to manage seasonality of the milk supply.
SEE ALSO :Uhuru vows to revive collapsed factoriesKenya National Federation of Farmers lauded the New KCC management for prompt payment to farmers for milk deliveries. Federation Secretary General Tom Nyagechaga said the better services offered by the processor had attracted more farmers to engage in dairy farming.
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