Interloop Holdings, a prominent investment and diversified holding company based in Faisalabad, plans to invest $55 million in a new dairy-processing plant in Faisalabad, Punjab, in partnership with Türkiye’s Rella Gıda, aiming to expand value-added production and support exports, the company’s chairman said on Thursday.
The investment, equivalent to around Rs15 billion, will be made through IL Foods Limited, Musadaq Zulqarnain said in a post on social media platform X.
“The state-of-the-art facility will produce a range of cheeses and butter, as well as Whey Protein Concentrate (WPC80), a high-value protein product,” he said.
The company also plans to export part of the production, contributing to Pakistan’s value-added exports.
“With the commissioning of this new facility, our combined annual milk processing capacity will reach 180 million litres.
“This investment reflects our continued commitment to value addition, technological advancement, import substitution, and the development of Pakistan’s dairy industry,” said the chairman.
Talking to Business Recorder, Hamza Gillani, CFO at Interloop Limited, shared that the project will commence commercial production in around 1.5 years.
He shared that the investment comes through IL Foods Limited, a newly incorporated company of Interloop.