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Indian firm invests $20 million to double coffee production in Vietnam

 Last Update: 2022-02-17
 Source: Internet
 Author: User

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(NDO) CCL Products India Ltd (Co ), a coffee companyheadquartered in Andhra Pradesh, Indiantinental Coffee) will invest $20 million to double the output of its coffee production plant in Vietnam
.

Praveen Jaipuriar, chief executive of CCL Products, told The Times of India that the company’s factory in Vietnam supplies about 13,000-14,000 tons of dried coffee annually to the global market, and it is expected that by the end of 2022, the number of The figure will double to 26,000 tons
.
Mr Jaipur said doubling production in Vietnam would bring its total output to 50,000-55,000 tonnes/year
.

Mr.
Jaipur pointed out that Vietnam not only has a tariff advantage for exports, but is also a coffee-growing powerhouse
.
Proximity to the source of raw materials will help save on shipping costs
.

Currently, CCL Products produces 36-37,000 tons a year, part of which is for export
.
(Finish)

coffee

Mr.
Jaipur pointed out that Vietnam not only has a tariff advantage for exports, but is also a coffee-growing powerhouse
.
Proximity to the source of raw materials will help save on shipping costs
.

　　Currently, CCL Products produces 36-37,000 tons a year, part of which is for export
.
(Finish)

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