Coffee manufacturer CCL to set up new coffee plant in Andhra Pradesh, create employment opportunities
CCL, the world's largest private-label coffee manufacturer, today has four manufacturing plants, two in India and one each in Vietnam and Switzerland.
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10:45 PM IST
CCL Products (India) Ltd, formerly known as Continental Coffee, is now a billion-dollar company. The company has announced to set up its new manufacturing plant at Continental Coffee Park in Kuvvakolli village in Tirupati district in Andhra Pradesh, with an investment of Rs 400 crore.
Challa Rajendra Prasad, founder and chairman, said that the journey to becoming an Indian multinational started in 1995 with a small coffee processing unit at Duggirala in Andhra Pradesh.
Coming up on 22 acres, the plant, with an annual capacity of 16,000 metric tonnes, will manufacture spray-dried instant coffee.
The production at the new plant will start in the fourth quarter of the current financial year, he said. CCL, the world's largest private-label coffee manufacturer, today has four manufacturing plants, two in India and one each in Vietnam and Switzerland.
The funding for the new plant will be done through internal accruals and partly term loans, he said. Last week, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy laid the foundation for the new plant which will generate hundreds of direct jobs.
"With innovation at its very core, CCL achieved remarkable success and became the preferred supplier for major clients worldwide. With the advantage of large-scale production and an extensive marketing network, CCL has become a powerful player in the global coffee industry with a B2B customer base across more than 100 countries," he said.
As part of its expansion spree, CCL acquired 6 coffee brands from Sweden-based coffee roasters Löfbergs Group in June this year. Going forward, he said that CCL aims to becoming an FMCG company with a basket of brands.
With PTI inputs
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