CCL Products (India) Ltd, formerly known as Continental Coffee Ltd, plans to establish a new manufacturing plant at Continental Coffee Park in Kuvvakolli village, Tirupati district, Andhra Pradesh. The company will invest INR 400 Crore in this venture.
The plant, which will cover an area of 22 acres, will have an annual production capacity of 16,000 metric tonnes and will focus on manufacturing spray-dried instant coffee. Production at the new plant is scheduled to commence in the fourth quarter of the current financial year.
The funding for this project will be sourced from internal accruals and partly through term loans. The establishment of the new plant is expected to create over 100 job opportunities.
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