India coffee maker invests 20 mln USD to double capacity of Vietnam facility

Coffee company CCL Products India Ltd (Continental Coffee), based in Andhra Pradesh, is investing 20 million USD in doubling the capacity of its coffee manufacturing facility in Vietnam, Times of India reported.

India coffee maker invests 20 mln USD to double capacity of Vietnam facility hinh anh 1

CCL Products India coffee products. (Photo: CCL Products India)

Coffee company CCL Products India Ltd (Continental Coffee), based in Andhra Pradesh, is investing 20 million USD in doubling the capacity of its coffee manufacturing facility in Vietnam, Times of India reported.

The capacity of the Vietnam facility, which makes about 13,000 – 14,000 metric tonnes per annum (mtpa) spray dried coffee for global markets, are expected to double to 26,000 mtpa by the end of 2022, said CCL Products CEO Praveen Jaipuriar.

“The doubling of the Vietnam capacities will take our total capacities to 50,000 – 55,000 mtpa and help fuel our growth in the next 2 – 3 years,” he said.

Elaborating on the reasons for expanding in Vietnam, Jaipuriar pointed out that Vietnam not only offers a tariff advantage for exports but is also a strong coffee growing country, which means the proximity to the raw material also cuts down on freight costs.

Currently, CCL has a total capacity of 36,000 – 37,000 mtpa, a chunk of which is exported. This includes 25,000 mtpa in India across plants at Duggirala, Vijayawada.

Having clocked revenues of around 12.42 billion INR (167 million USD) in financial year 2020-2021, CCL is now eyeing revenues of around 16 billion INR in the current fiscal./.

Source: VNA
en.vietnamplus.vn

Related News

Exporting phone and component to India grows 102%

Exporting phone and component to India grows 102%

VCN - India is one of the key export markets where the phone and component group has achieved impressive growth.
India imposes 10% customs duty on solar glass imports

India imposes 10% customs duty on solar glass imports

VCN - The Indian authorities will introduce a 10% customs duty on solar glass imports from October. The government has also expanded the list of exempted equipment for solar cell and panel production to support domestic manufacturing.
Open up strong product exports to the Indian market

Open up strong product exports to the Indian market

VCN - India is currently the 8th largest trading partner of Vietnam, so changes in the country's foreign trade policy need to be concerned.
Customs nabs Kozhikode woman with gold worth Rs 1 crore hidden in undergarment

Customs nabs Kozhikode woman with gold worth Rs 1 crore hidden in undergarment

The Customs on Monday seized gold worth Rs 1 crore at the Calicut International Airport from a woman who was attempting to smuggle by hiding the packets inside her undergarment.

Latest News

Support aggregate demand to promote economic growth

Support aggregate demand to promote economic growth

VCN - Financial policy, especially fiscal policy, has played an important role in promoting aggregate demand to contribute to economic development. In the current context, when the economy is entering the final year of the 2021-2025 terms with many difficulties and challenges, it is necessary to have solutions to promote production and business, supporting economic development.
Plastics demand growing, says industry association

Plastics demand growing, says industry association

The plastics industry has enjoyed impressive growth this year, driven by steady demand from the construction, packaging and consumer industries, according to the Vietnam Plastics Association.
Vietnam’s tuna exports gain larger market shares in key markets

Vietnam’s tuna exports gain larger market shares in key markets

After overcoming challenges related to tuna size regulations and market volatility, Vietnam’s tuna exports are recovering and expanding in key markets.
Efficiency in emission reduction and sustainable development for wood enterprises

Efficiency in emission reduction and sustainable development for wood enterprises

VCN - Digital transformation aimed at reducing emissions and fostering sustainable development has become an intrinsic need for businesses. This shift stems from recognizing the tangible benefits demonstrated by pioneering enterprises that have successfully implemented and achieved these initiatives.

More News

US emerges as biggest consumer of Vietnam’s pepper

US emerges as biggest consumer of Vietnam’s pepper

Vietnam exported 235,335 tonnes of pepper, including 207,498 tonnes of black pepper and 27,837 tonnes of white pepper, in January - November to earn 1.22 billion USD, with the US being the biggest importer, according to the Vietnam Pepper and Spice Association (VPSA).
Why are seafood exports to some Middle Eastern countries blocked?

Why are seafood exports to some Middle Eastern countries blocked?

VCN - Many seafood export shipments to some Middle Eastern countries have had their documents returned by the Consular Department due to the nightmare of consular legalization procedures, leading to a blockage in exports to these markets.
Seafood exports increase competitiveness through quality

Seafood exports increase competitiveness through quality

VCN - The "wave" of orders from a number of large markets and increased consumption demand in the coming months will be the driving force to accelerate seafood exports at the end of the year. Not only racing to increase exports, Vietnamese seafood also increases its competitive advantage by focusing on product quality, seed sources, green transformation in the production process...
Textiles, footwear enterprises need support to green the supply chain

Textiles, footwear enterprises need support to green the supply chain

VCN- As one of the world's leading textile, garment and footwear exporting countries, Vietnam is facing many opportunities as well as challenges in response to strict customer regulations in "greening" production, including a number of commitments such as implementing social and environmental responsibilities and reducing emissions...
Vietnam’s seafood export hits 1 billion USD mark for October

Vietnam’s seafood export hits 1 billion USD mark for October

Vietnam's seafood industry is on a roll, with export momentum propelling it toward the 10 billion USD target for 2024, laying robust groundwork for 2025.
Opportunities for export breakthroughs through e-commerce

Opportunities for export breakthroughs through e-commerce

VCN - According to Mr. Nguyen Van Thanh (in photo), Director of the E-commerce Development Center - Department of E-commerce and Digital Economy (Ministry of Industry and Trade), developing national e-commerce programs and fostering international cooperation are key to effectively harnessing Vietnam's potential in this area, thereby enhancing competitiveness and promoting sustainable development in the global market.
Will textile and garment exports be affected by Trump 2.0 policy?

Will textile and garment exports be affected by Trump 2.0 policy?

VCN - That was one of the topics of interest at the press conference of the Vietnam Textile and Apparel Association (VITAS) held on November 19.
Vietnam, US strengthen supply chain cooperation in global marketplace

Vietnam, US strengthen supply chain cooperation in global marketplace

The 2024 Vietnam-US Cooperation Forum, held in Ho Chi Minh City, focused on new US policy directions and opportunities to enhance bilateral economic and trade relations.
Over 218,500 enterprises established, resume operations in 11 months

Over 218,500 enterprises established, resume operations in 11 months

More than 218,500 enterprises were established and resumed operations in Vietnam in the past 11 months of 2024, a year-on-year increase of 7.4%, according to the General Statistics Office (GSO).
Read More

Your care

Latest Most read
Support aggregate demand to promote economic growth

Support aggregate demand to promote economic growth

VCN - In recent times, the world situation has been unstable, creating many difficulties and challenges for the sustainable growth of the global economy.
Plastics demand growing, says industry association

Plastics demand growing, says industry association

The plastics industry has enjoyed impressive growth this year, driven by steady demand from the construction, packaging and consumer industries, according to the Vietnam Plastics Association.
Vietnam’s tuna exports gain larger market shares in key markets

Vietnam’s tuna exports gain larger market shares in key markets

After overcoming challenges related to tuna size regulations and market volatility, Vietnam’s tuna exports are recovering and expanding in key markets.
Efficiency in emission reduction and sustainable development for wood enterprises

Efficiency in emission reduction and sustainable development for wood enterprises

VCN - At a recent workshop on emission reduction and sustainable development organized by the Ho Chi Minh City Handicraft and Wood Industry Association (HAWA), Nguyen Thi Truyen, a senior expert from the International Labour Organization (ILO), shared val
US emerges as biggest consumer of Vietnam’s pepper

US emerges as biggest consumer of Vietnam’s pepper

Vietnam exported 235,335 tonnes of pepper, including 207,498 tonnes of black pepper and 27,837 tonnes of white pepper, in January - November to earn 1.22 billion USD, with the US being the biggest importer, according to the Vietnam Pepper and Spice Association (VPSA).
Mobile Version