CCL Products (India) Ltd, previously recognized as Continental Coffee Ltd, has announced its plans to establish a state-of-the-art manufacturing facility at Continental Coffee Park, located in the village of Kuvvakolli in Tirupati district, Andhra Pradesh. This ambitious project entails a substantial investment of INR 400 crore.
Situated across a vast expanse of 22 acres, the plant is geared to produce spray-dried instant coffee with an impressive annual capacity of 16,000 metric tonnes.
During a press conference held on Tuesday, Challa Rajendra Prasad, Founder and Chairman of CCL Products, revealed that production at the new plant is scheduled to commence in the fourth quarter of the current financial year. He further mentioned that the funding for the new plant will be sourced through internal accruals and a partial term loan.
In a noteworthy event last week, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy initiated the establishment of the new plant, which is anticipated to create over 100 direct job opportunities. Starting with modest origins, the company has experienced remarkable growth over the past 28 years, progressing from a manufacturing setup with a capacity of 3,000 tonnes per annum (TPA) to an astonishing 55,000 TPA.
Currently, CCL possesses a total of four manufacturing plants, with two located in India and one each situated in Vietnam and Switzerland.
