Mcleod Russel India’s step-down subsidiary in Vietnam - Phu Ben Tea Company, has signed an agreement for purchase of a Tea Processing Factory in Vietnam with annual production capacity of 6 lakh kgs of green tea for a consideration of $820,000 plus VAT at the applicable rate.
Mcleod Russel India is the largest tea producing company in the world. In July 2005 McLeod Russel acquired Borelli Tea Holdings from the Magor family based in England and took over the 17 tea gardens of its Indian subsidiary Williamson Tea Assam. McLeod Russel is the largest tea exporter from India with a strong customer base in United Kingdom and Europe.
