Amira Nature Foods announces US$58.6M contract to supply third-party branded basmati rice to repeat customer in Europe, Middle East and Africa region
DUBAI, United Arab Emirates
February 6, 2014
– Amira Nature Foods Ltd (the "Company") (ANFI), a leading global provider of packaged Indian specialty rice, today announced that it entered into a $58.6 million contract to supply third party branded basmati rice to a key repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The Company expects to recognize the benefit of this contract in the fiscal 2015 ending March 31, 2015.
“We are extremely pleased to expand our relationship with this customer in the EMEA region as we believe this illustrates Amira’s leading position in the industry,” stated Karan A. Chanana, Amira’s Chairman and Chief Executive Officer. “The EMEA region continues to be a tremendous growth market for Amira’s basmati rice with strong consumption and demand in the market. We look forward to executing on our additional opportunities for growth with both our third party branded and our Amira branded products.”
About Amira Nature Foods
Founded in 1915, Amira has evolved into a leading global provider of packaged Indian specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira’s headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, the United Kingdom, and the United States.
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