Pakistan’s Interloop to invest $55mn in dairy-processing plant
Interloop Holdings, a prominent investment and diversified holding company based in Faisalabad, plans to invest $55 million in a new dairy-processing plant in Faisalabad, Punjab, in partnership with Türkiye’s Rella Gıda, aiming to expand value-added production and support exports, the company’s chairman said on Thursday. The investment, equivalent to around Rs15 billion, will be made through IL…
Pakistan’s Interloop Holdings, a leading investment and holding company headquartered in Faisalabad, announced on Thursday plans to invest $55 million in a new dairy-processing plant located in Faisalabad, Punjab. The collaboration with Türkiye’s Rella Gıda aims to boost value-added production and support dairy exports, according to the company’s chairman, Musadaq Zulqarnain.
The investment, roughly equivalent to Rs15 billion, will be made through IL Foods Limited, a newly established subsidiary of Interloop Holdings. The state-of-the-art facility will be capable of producing various cheeses, butter, and Whey Protein Concentrate (WPC80), a high-value protein product. Zulqarnain stated that part of the production will be exported, contributing to Pakistan’s value-added exports.
Upon completion, the combined annual milk processing capacity will reach 180 million litres. Interloop’s CFO, Hamza Gillani, informed Business Recorder that commercial production is expected to commence in approximately 1.5 years.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
