CCL Products (India) is planning 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. 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. The funding for the new plant will be done through internal accruals and partly term loan.
CCL Products (India) is engaged in the production, trading and distribution of coffee.
