Ice Make Refrigeration Limited — Important, 19-12-2024: Updates

Ice Make Refrigeration Limited has unveiled a new product segment focused on commercial freezers, including chest freezers and visi coolers. This development is part of its strategic growth plan aimed at enhancing innovation and market reach. Production of chest freezers will commence on January 1, 2025, at the company's automated facility in Bavla, Gujarat, with a daily capacity of 200 units. The products will cater to diverse needs, featuring sizes from 100 liters to 900 liters.

The new visi coolers will have a manual production capacity of about 8,000 units annually, with plans for future automation. These coolers target the food, beverage, and retail sectors, underpinned by an overall annual manufacturing capacity of 1.25 lakh units, which includes the new offerings.

Mr. Chandrakant Patel, Chairman and Managing Director, highlighted the importance of innovation and sustainability in their growth strategy. With a strong presence across multiple markets and exports to 24 countries, Ice Make is positioned for substantial growth, promising an exciting outlook for investors.