Tata Coffee to set up freeze dried coffee plant in Vietnam
Shital Jibhe / 13 Jan 2017
Tata Coffee is planning to set up a state-of-the-art freeze dried coffee plant in Vietnam. The plant, with an installed capacity of 5000 MT per annum, will further strengthen Tata Coffee's growth in the premium instant coffee segment.
Tata Coffee is planning to set up a state-of-the-art freeze dried coffee plant in Vietnam. The plant, with an installed capacity of 5000 MT per annum, will further strengthen Tata Coffee's growth in the premium instant coffee segment.
Tata Coffee's plant at Theni in Tamil Nadu, has developed strong expertise in manufacturing of freeze dried coffee. The freeze dried coffee segment is a growing premium instant coffee segment. Instant coffee segment accounts for about 20 per cent of the global coffee consumption of which the freeze dried coffee segment is the most premium.
The Tata Coffee stock is currently trading in the green and is up by 6.72 per cent at Rs 123 per share on the NSE. In the last one year, Tata Coffee has delivered a return of 23.87 per cent, thereby outperforming the BSE FMCG index, which has given a return of 9.05 per cent.
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