Agthia Group, one of the UAE's largest food and beverage companies, has plans to expand its product range.
Company officials discussed the plans at the Gulfood show in Dubai yesterday.
One area of focus is mineral water, a sector where the company's Al Ain brand is a market leader.
Last year the company added to its water portfolio with Pelit Su, a Turkish spring company, which it has since rebranded as Alpin. Agthia plans to launch the Alpin brand in Turkey in the first quarter of this year before introducing it to the Emirates in the second half.
"We use a dual source with Al Ain. You have not only our spring, our wells, we use the municipality water, which is taken through a very sophisticated water treatment process - perhaps the most sophisticated water centre in the Gulf," said Fasahat Beg, the general manager of the company's consumer business division. "Alpin is a spring water. We have the ability to run a dual-brand strategy," he added.
The company also plans to introduce more Yoplait products this year.
"The Yoplait franchise offers us a lot of opportunity," said Mr Beg. "It is the number one yoghurt business around the world. There is a huge line extension possibility for us."
The company commissioned consumer research last year and has just received the results. It will study the results to see whether the beverages or food side of the business offers the most opportunity.
"No doubt there will be some new things this year," Mr Beg added. "It is the nature of Agthia. You can see the size of the business now and our presence here [at Gulfood]."
"If you were here in 2007 or 2008 when we were first at this exhibition we had one small booth. Now we are occupying a huge space and have a very diverse portfolio."
At the same time, Agthia has been working to build its business beyond its stronghold in the Abu Dhabi emirate.
The company, which supplies Etihad Airways and the Khalifa Fund for Enterprise Development among other organisations, has historically had a larger market share in Abu Dhabi compared with other emirates with its Al Ain water brand.
"We are much more available in the Northern Emirates now. We were never there. We have [also] grown significantly in Dubai," said Mr Beg.
Agthia's Al Ain water business is working at "maximum capacity" now, he said, and the company is putting together a long-term strategy to make sure it keeps up with demand.
Last month, Agthia reported that its profit had surged by more than 40 per cent on the back of strong consumer spending.
Sales grew by 16 per cent to Dh1.33 billion (US$362 million) last year, while profits rose 44.5 per cent to Dh125m.
[ gduncan@thenational.ae ]
Brief scores:
Toss: Sindhis, elected to field first
Kerala Knights 103-7 (10 ov)
Parnell 59 not out; Tambe 5-15
Sindhis 104-1 (7.4 ov)
Watson 50 not out, Devcich 49
Fixtures (all times UAE)
Saturday
Brescia v Atalanta (6pm)
Genoa v Torino (9pm)
Fiorentina v Lecce (11.45pm)
Sunday
Juventus v Sassuolo (3.30pm)
Inter Milan v SPAL (6pm)
Lazio v Udinese (6pm)
Parma v AC Milan (6pm)
Napoli v Bologna (9pm)
Verona v AS Roma (11.45pm)
Monday
Cagliari v Sampdoria (11.45pm)
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Company profile
Company name: FinFlx
Started: January 2021
Founders: Amr Yussif (co-founder and CEO), Mattieu Capelle (co-founder and CTO)
Based in: Dubai
Industry: FinTech
Funding size: $1.5m pre-seed
Investors: Venture capital - Y Combinator, 500 Global, Dubai Future District Fund, Fox Ventures, Vector Fintech. Also a number of angel investors
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
UAE athletes heading to Paris 2024
Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).
Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).
Cycling
Safia Al Sayegh (women's road race).
Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).
Athletics
Maryam Mohammed Al Farsi (women's 100 metres).
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
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Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
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- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
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Don’ts
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COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
Company profile
Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices
ROUTE TO TITLE
Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
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Company profile
Name: Maly Tech
Started: 2023
Founder: Mo Ibrahim
Based: Dubai International Financial Centre
Sector: FinTech
Funds raised: $1.6 million
Current number of staff: 15
Investment stage: Pre-seed, planning first seed round
Investors: GCC-based angel investors