Breaking News

Tweet TWEET

Amira Nature Foods Ltd Announces Contract with Buhler India Private Limited for New Rice Processing Facility

  Amira Nature Foods Ltd Announces Contract with Buhler India Private Limited
  for New Rice Processing Facility

Business Wire

DUBAI -- May 1, 2014

Amira Nature Foods Ltd (the “Company”) (NYSE: ANFI), a leading global provider
of branded and packaged Indian specialty rice, announced that it had entered
into a $8.3 million contract through its Indian operating subsidiary with
Buhler India Private Limited (“Buhler India”), for the supply of 48 tons per
hour paddy processing equipment in connection with its new rice processing
plant in Karnal District, Haryana, India. The Company expects this new
facility to be fully operational by the end of fiscal year 2015.

Karan A. Chanana, Amira’s Chairman and Executive Officer stated, “We are
extremely pleased to expand our relationship with Buhler India. This new
equipment purchase will be part of our state-of-the-art processing facility in
Haryana, India. This facility, which we believe will more than double our
processing capacity, will enable us to meet the processing capacity demands in
our business over the coming years and will help us drive further margin
expansion long-term."

Buhler India manufactures a complete range of rice processing machines right
from harvest drying, parboiled paddy drying, cleaning to hulling and
polishing, optical sorters, control systems and accessories to meet the needs
of the rice milling industry, in addition to providing turnkey supply,
installation and commissioning of rice mills.

About Amira Nature Foods Ltd

Founded in 1915, Amira has evolved into a leading global provider of branded
and packaged Indian specialty rice, with sales in over 40 countries today.
Amira sells Basmati rice, which is a 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. For more
information please visit www.amira.net

About Buhler

Bühler is a global leader in the field of process engineering, in particular
production technologies and services for making foods and advanced materials.
Bühler operates in over 140 countries and has a global payroll of over 10,000.

Cautionary Note on Forward-Looking Statements

This release may contain forward-looking statements within the meaning of the
U.S. federal securities laws. These forward-looking statements generally can
be identified by phrases such as that we or our members of management
“believe,” “expect,” “anticipate,” “foresee,” “forecast,” “estimate” or other
words or phrases of similar import. Specifically, these statements include,
among other things, statements that describe our expectations for the growth
of our business, expansion into new geographic markets, maintaining and
expanding our relationship with key retail partners, the financial impact of
new sales contracts on our revenue, our plan to make significant capital
expenditure, and other statements of management’s beliefs, intentions or
goals. It is uncertain whether any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do, what
impact they will have on our results of operations, financial condition, or
the price of our ordinary shares. These forward-looking statements involve
certain risks and uncertainties that could cause actual results to differ
materially from those indicated in such forward-looking statements, including
but not limited to our ability to penetrate and increase the acceptance of our
product in new geographic markets; to perform our agreements with customers
and further develop our relationships with key retail partners; our ability to
recognize revenue from our contracts; continued competitive pressures in the
marketplace; our reliance on a few customers for a substantial part of our
revenue; our ability to implement our plans, forecasts and other expectations
with respect to our business and realize additional opportunities for growth;
and the other risks and important factors contained and identified in our
filings with the Securities and Exchange Commission. All forward-looking
statements attributable to us or to persons acting on our behalf are expressly
qualified in their entirety by these risk factors. Since we operate in an
emerging and evolving environment and new risk factors and uncertainties
emerge from time to time, you should not rely upon forward looking statements
as predictions of future events. Except as required under the securities laws
of the United States, we undertake no obligation to update any forward-looking
or other statements herein to reflect events or circumstances after the date
hereof, whether as a result of new information, future events or otherwise.

Contact:

ICR
Katie Turner, 646.277.1200
 
Press spacebar to pause and continue. Press esc to stop.