Cooper K-Brands unveils Sh700m livestock supplements factory
As part of its expansion strategy geared towards increasing production of nutritional supplements for livestock , Cooper K-Brands Ltd (CKL) yesterday opened a Sh700 million factory in Tatu City, Kiambu.
Financed through external borrowing from Africa Agriculture and Trade Investment Fund (AATIF) and internal reserves, the new factory has capacity to produce two tonnes of product per hour.
With a 541 kilowatts power requirement, the new factory is also fitted with a 200KW Photo Voltaic rooftop which will inject 50 per cent of its daytime energy requirement.
CKL also unveiled a new look packaging for its flagship brand Maclik, which they believe will; boost delivery of high-quality products and solutions for livestock farming.
According to Group managing director Mucai Kunyiha, the launch is a key step for CKL towards its corporate goal of enabling Africa to be a global leader in food production.
The launch of the new plant comes at a time when the government has prioritised manufacturing as one of its Big Four Agenda pillars.
“This new initiative is aimed at meeting the nutritional and production needs of livestock farmers in Kenya and within the region,” he said.
“With the launch of the new factory, the company has expanded its capacity and capability to manufacture and improve Maclik and other nutritional supplements” he added.
AATIF director for regional funds Thomas Duve said they are willing to fund good investment projects.