May 17, 2018
Indian egg exporter SKM Egg Products is planning to triple its domestic market share and achieve USD 74 million turnover by 2021-22. “Currently, we have 5% market share locally,” said SKM Shree Sivakumar, Managing Director. “Our aim is to reach 15% market share by 2021-22.” The company’s eggs are exported to more than 26 countries, including Japan, Europe and Russia. SKM processes more than 1.65 million eggs/day of which 550,000 eggs are processed in-house and the rest procured from private parties. This year, the company plans to invest around USD 2.7 million in modernisation, expansion and new products. Promoted jointly by Tamil Nadu Industrial Development Company, SKM has six egg breaking machines in Erode with an installed capacity of 7000 tonnes/year, operating at 70% capacity. Of the six machines, three will be replaced with big machines and the balance refurbished.