• Registered over 40% growth in annual turnover last year
• FMCG distribution pioneer emphasises on expansion plans in the UAE
Dubai, April 21, 2013: LTC Food Division, a leading FMCG distribution company in the UAE, and a subsidiary of Lal's Group of Companies, today announced that it has completed one year of successful operations in the UAE. The organization reported a double digit growth in annual turnover, reaching a solid AED 75 million in 2012.
Since inception in 2012, LTC Food Division has been committed to using its infrastructure to distribute world-renowned, top quality food and non-food brands at right price, with excellent service. Citing the demand for a renowned and specialized FMCG distribution companies in the UAE and the wider Middle East region, LTC emphasized on further expansion plans in the UAE, aiming to reach the top five spot among distribution companies in the emirates.
This year, the company is expected to complete the construction of a 100,000 sq.ft facility in Dubai that will include office blocks and very large storage units. Once operational, this project will facilitate rapid expansion plans including a significant increase in hiring.
“LTC Food Division is proud to have completed a highly successful year of operations, and in short period it has played a significant role in providing high quality products to millions of consumers in the UAE,” said Mr. Harish Bhojwani, Director, LTC Food Division. “The strengthening of our operations in the UAE is primarily driven by the ever increasing demand from our various stakeholders, end users in particular. It also testifies the significance we attach to the UAE, and our business strategy is to offer enormous choice of best products combined with superior service, which is what our customers want us to do. That said, the growing appeal for LTC products, underpinned by a strong customer centric focus, will further facilitate the expansion for the company to become the market leader over the next few years.”
In the first year of operations, LTC has driven significant value to its customer base in the UAE, with its philosophy of offering high quality products at value-for-money price points through leading hypermarkets including Carrefour, Lulu, Spinneys, Co-Operative Societies, Choithrams, Geant, West Zone, among others.