India: CCL Products to invest $300 million in instant coffee plant

Indian instant coffee maker CCL Products has announced plans to build a new 400 crore INR ($304 million) manufacturing plant in Kuvvakolli, in India’s Andhra Pradesh state, according to an Economic Times report.

The facility, which is to be built on a 22-acre site, will include a plant with an annual capacity of 16,000 metric tonnes for the manufacture of spray-dried instant coffee.

At a press conference, CCL Products founder and chairman Challa Rajendra Prasad said production at the new plant would start in the fourth quarter of the current financial year. The plant will be funded in part through internal accruals and in part through business loans and is anticipated to create more than 100 jobs.

The factory announcement comes shortly after the news that CCL Products had acquired Percol and other brands from Lofbergs, enhancing the firm’s presence in the UK.

Source: Economic Times