French dairy producer Bel Group has entered into a joint venture with Britannia Industries to develop, manufacture and sell cheese products in India and some other markets. Bel Group will acquire 49% stake of Britannia’s wholly-owned subsidiary Britannia Dairy Private Limited for INR 2.62bn (US$32.1m). “This strategic partnership with Britannia in India is a new step for Bel Group’s development in Asia, in line with our mission to deliver healthier …
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Britannia
Britannia, the Indian food manufacturer, has announced plans to open a new manufacturing site in Assam, India, according to a report in the Economic Times. Located in the town of Rampur, the new site will reportedly manufacture a broad range of Britannia products to meet demand in north-eastern states. The unit will increase Britannia’s production capacity in Assam, where the firm already has two sites, from 30,000 to 90,000 tonnes annually. …
Consumer goods manufacturer Britannia has announced plans to build a new plant in Ranjangaon, Maharashtra. Representing an investment of 1,000 crore INR ($156 million), the plant will be Britannia’s largest and will initially produce biscuits, cakes and croissants, according to Franchise India. Operations will start in phases, the first including six production lines of biscuits and one line each for cakes and croissants. In later stages, product lines for rusks, flour …
Consumer goods manufacturer Britannia has announced a partnership agreement with Greek company Chipita to produce and market ready-to-eat croissants in India. According to India Retailing, the new joint venture company, which will have the name Britchip Foods Ltd, will be 60% held by Britannia and 40% held by Chipita. “The company has signed a joint venture agreement with Chipita SA, a Greek company for the purpose of developing, producing and selling …
FMCG manufacturer Britannia has announced plans to set up three factories in the north-east of India in the next three years. According to Progressive Grocer India, the company expects an investment of 100 to 150-crore INR ($15 million to $22 million) for each factory, and the process of setting up each of the three factories to take from 12 to 14 months. “We are looking at putting up a factory …
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