Indian company builds instant coffee plant

Tata Coffee Vietnam, a member of India’s Tata Coffee Limited, began construction of a freeze-dried coffee plant at VSIP II Industrial Park in Binh Duong’s Bac Tan Uyen District. The Tata Coffee Vietnam will supply instant coffee with a new flavour to Vietnamese customers and for export. - Photo bnews.vn The 8ha plant has investment capital of nearly US$60 million. It will supply instant coffee with a new flavour to Vietnamese customers and for export. This is the second project invested by Tata Coffee Limited in Viet Nam. Speaking at the ground-breaking ceremony on Wednesday, Indian Ambassador Parvathaneni Harish said bilateral trade between the two countries has witnessed impressive growth in recent years. In 2016, the two sides’ trade turnover reached $5.4 billion. However, this result is still moderate compared with the potential of the two countries. Indian businesses have invested nearly $1.3 billion, of which the instant coffee plant in Binh Duong Province is one of the largest projects in Viet Nam. Deputy Chairman of Binh Duong People’s Committee Dang Minh Hung said Tata Coffee Limited’s investment matched with the province’s policies and orientation of calling for investment. The province would always support and create favourable conditions for the company to develop business, he said. Source VNA ... [read more]

NDO - Tata Coffee Vietnam, a subsidiary of India's Tata Coffee Limited, held a ground-breaking ceremony for an instant coffee plant in Binh Duong on August 16. The plant covers an area of 8 ha and is located at the Vietnam-Singapore Industrial Park II (VSIP II) in Bac Tan Uyen district, Binh Duong province. It will have an annual capacity of 5,000 tonnes and has received investment of nearly US$60 million. The plant is the second project of Tata Coffee Limited in Vietnam which is scheduled to begin operation in 2019. Sanjiv Sarin, Managing Director and Chief Executive Officer of Tata Coffee Limited stated that Tata group has a close relationship with Vietnam in various fields such as automobile, steel, energy and watches. With the construction of the instant coffee plant, the beverage industry will also become a major aspect of Tata's investment in Vietnam. He noted that Vietnam has become the first country beyond the Indian borders to produce instant coffee for Tata. Dang Minh Hung, Vice Chairman of Binh Duong provincial People's Committee stated that Tata's investment in VSIP II is adaptable with the investment policy of Binh Duong province and affirmed that local authorities will create favourable conditions for the operations of the plant. In 2013, an Indian company named Ngon Coffee Co., Ltd inaugurated an instant coffee plant in Dak Lak province with an annual capacity of 10,000 tonnes.... [read more]

“This equates to 14% of the global soluble coffee market,” a representative of VICOFA was recently quoted as saying at a seminar in Hanoi. The global market is dominated by Nestlé’s Nescafe whose beans are sourced from Vietnam (among other countries) and shipped to more than 40 countries, with the US being its largest market. However, competition in the industry is brewing as Tata Group based out of India and currently the second largest player in the tea market has announced a foray into the instant coffee market under the brand name Tata Coffee Grand. In announcing its market entry, Tata Group’s Regional President unveiled the new innovative coffee brand promises to be a ‘best in class’ taste experience, whose beans would be sourced primarily from Tata Coffee’s own plantations in South India. According to market analysts, instant coffee – a small sachet that contains dried coffee powder, sugar and powdered cream – accounts for two-thirds of the global coffee market but the trends are moving towards roasted blends. A variety of alternative options, such as ready-to-drink coffee and capsule coffee, are also coaxing consumers away from instant coffee and coffee shops have sprung up everywhere offering freshly brewed coffee and espresso drinks. Despite the forecast by leading market analysts that the instant coffee market is expected to shrink over the next five years, VICOFA has forecast the market share of producers in Vietnam to percolate annually by 3%. The VICOFA representative said Vietnam currently is home to 19 coffee…... [read more]

India-based Tata Coffee, a subsidiary of Tata Global Beverages, has released plans to set up a greenfield freeze-dried instant coffee plant in Vietnam with the total investment capital of $50 million. The plans were stated in a filing to the Bombay Stock Exchange (BSE). "Tata Coffee has made steady progress in growing its freeze-dried instant coffee business, which is now about 20 per cent of our overall instant coffee portfolio. Vietnam is considered an attractive business environment besides being the largest Robusta coffee growing region. The plant will help us further expand our global footprint," said Sanjiv Sarin, the company's managing director. Established in 1922, Tata Coffee is the largest integrated coffee plantation company in the world. Tata Coffee grows coffee on its own estates, processes the beans, exports green coffee, manufactures and exports instant coffee, and retails coffee with its own branding in the domestic market. Vietnam is a major coffee exporter in the world. According to statistics published by the General Department of Vietnam Customs, in ten months of this year, Vietnam exported 1.52 million tonnes of coffee worth $2.76 billion, up 39.8 per cent in quantity and 25.3 per cent in value, respectively. Vietnam has been recognised as an attractive investment destination with a number of coffee brands, such as Highlands, Trung Nguyen, and Vinacafe. VIR... [read more]

Tata Coffee mulls instant coffee project in Vietnam Tran Thu HCMC – India-based Tata Coffee Company has announced it will implement a plan to open a freeze-dried coffee plant in Vietnam with an annual capacity of 5,000 tons of instant products. According to a document sent to the National Stock Exchange of India by the company on Monday, the facility costing an estimated US$50 million could be developed by a subsidiary of the company, which depends on the completion of legal procedures. The opening of the plant is expected to strengthen Tata Coffee’s growth in the premium instant coffee segment. When in place, the plant would provide global customers of Tata Coffee with new products. Tata noted Vietnam is the world’s largest Robusta coffee grower, and the country also has an attractive investment environment. Thus, the plant which would be located in the country can help expand the company’s global presence, Sanjiv Sarin, managing director of Tata Coffee, is quoted as saying in a statement. Nestle, Trung Nguyen, and Vinacafe Bien Hoa are among leading enterprises on the domestic instant coffee market. In 2013, Ngon Coffee Company Limited of India also launched an instant coffee plant with a total capacity of 10,000 tons a year in Daklak Province. Last year, Vietnam exported some 1.3 million tons of coffee worth US$2.6 billion, down 20.6% in volume and 24.8% in value against 2014, according to the General Department of Customs. In addition, coffee is now one of the agricultural products with the…... [read more]

India-based Tata Coffee, a subsidiary of Tata Global Beverages, has released plans to set up a greenfield freeze-dried instant coffee plant in Vietnam with the total investment capital of $50 million. The plans were stated in a filing to the Bombay Stock Exchange (BSE). "Tata Coffee has made steady progress in growing its freeze-dried instant coffee business, which is now about 20 per cent of our overall instant coffee portfolio. Vietnam is considered an attractive business environment besides being the largest Robusta coffee growing region. The plant will help us further expand our global footprint," said Sanjiv Sarin, the company's managing director. Established in 1922, Tata Coffee is the largest integrated coffee plantation company in the world. Tata Coffee grows coffee on its own estates, processes the beans, exports green coffee, manufactures and exports instant coffee, and retails coffee with its own branding in the domestic market. Vietnam is a major coffee exporter in the world. According to statistics published by the General Department of Vietnam Customs, in ten months of this year, Vietnam exported 1.52 million tonnes of coffee worth $2.76 billion, up 39.8 per cent in quantity and 25.3 per cent in value, respectively. Vietnam has been recognised as an attractive investment destination with a number of coffee brands, such as Highlands, Trung Nguyen, and Vinacafe. By Ha Vy... [read more]

Instant coffee producers operating in Vietnam are expected to produce roughly 675,000 metric tons of instant coffee in 2015, according to estimates provided by the Vietnam Coffee and Cocoa Association (VICOFA). Instant coffee – a small sachet that contains dried coffee powder, sugar and powdered cream – accounts for two-thirds of the global coffee market but the trends are moving towards roasted blends. "This equates to 14% of the global soluble coffee market," a representative of VICOFA was recently quoted as saying at a seminar in Hanoi. The global market is dominated by Nestlé’s Nescafe whose beans are sourced from Vietnam (among other countries) and shipped to more than 40 countries, with the US being its largest market. However, competition in the industry is brewing as Tata Group based out of India and currently the second largest player in the tea market has announced a foray into the instant coffee market under the brand name Tata Coffee Grand. In announcing its market entry, Tata Group’s Regional President unveiled the new innovative coffee brand promises to be a ‘best in class’ taste experience, whose beans would be sourced primarily from Tata Coffee’s own plantations in South India. According to market analysts, instant coffee – a small sachet that contains dried coffee powder, sugar and powdered cream – accounts for two-thirds of the global coffee market but the trends are moving towards roasted blends. A variety of alternative options, such as ready-to-drink coffee and capsule coffee, are also coaxing consumers away from…... [read more]

VietNamNet Bridge - The State Bank of Vietnam is determined to get rid of cross-ownership status at banks, but  the achievements remain modest. Duong Cong Minh, former chair of LienVietPost Bank, before running for the post of chair of Sacombank, sold all the shares he was holding in LienVietPost Bank. And so did Him Lam Group. Him Lam, the founding shareholder and the largest shareholder in LienVietPost Bank which held 14.98 percent of the bank’s charter capital (96.77 million shares), is no longer a shareholder of LienVietPost Bank since June 24. The State Bank of Vietnam is determined to get rid of cross-ownership status at banks, but  the achievements remain modest. Minh and his Him Lam Group had to divest from one bank before Minh became the chair of another bank as stipulated in the central bank’s Circular 36 on the permitted ownership ratios. The number of banks with cross-ownership fell from seven to three. SBV recently took strong actions to reduce the cross-ownership at banks However, the cross-ownership still exists. Circular 36 stipulates that one bank can hold shares of no more than two other banks and the amount of shares it can hold is less than 5 percent of total shares. Before the circular was issued, Vietcombank held 9.8 percent of MBB shares, 8.2 percent of Eximbank shares, 5.26 percent of Saigon Bank and 4.6 percent of OCB shares. And by July 18, the bank still held 7.16 percent of MBB, 8.19 percent of Eximbank, 4.3 percent of…... [read more]

VietNamNet Bridge – The Viet Nam Drama Theatre is touring Europe to present a comedy criticising egotism. Big ego: A scene in Benh Si (Egotism). The play will be performed in various cities in Europe. — Photo courtesy Viet Nam Drama Theatre The troupe, led by theatre director Nguyen The Vinh, said they are happy to perform for the Vietnamese expatriate communities in Europe. They will perform in the Czech Republic, Germany, Poland, Austria, Hungary, Russia and Ukraine from now to September 4. Directed by People’s Artist Tuan Hai, the comedy Benh Si (Egotism) is one of the most famous plays written by late playwright Luu Quang Vu. It stars actors Xuan Bac, Phu Don, Viet Thang and actress Ho Lien. Taking place in a rural village in the north, the play is about a commune chairman and his officers, who are ordinary and good-natured people. However, they begin to consider themselves ‘noble’, and start to seek glory. Ridiculousness occurs happen when the officials’ good natures cannot change to adapt to their new lives. Luu Quang Vu wrote more than 50 plays. Most of them criticise the dark side of society, especially focusing on corruption and authoritarian behaviour. The play Benh Si was Vu’s last production before he died aged 40 in a traffic accident in 1988. It has been performed throughout the country and received great acclaim from audiences, said director Vinh. “The play reflects the negative problems of society,” said Vinh. “Though it was written 20 years ago,…... [read more]

VietNamNet Bridge – Authorities in the Cuu Long (Mekong) Delta province of An Giang on Tuesday discovered a newly eroded area extending 270 metres along the Hau River on An Thanh Islet. Authorities in the Cuu Long (Mekong) Delta province of An Giang on Tuesday discovered a newly eroded area extending 270 metres along the Hau River on An Thanh Islet. — Photo tuoitre.vn The section, located in Cho Moi District’s Hoa An Commune, is near another eroded area of 2,000 square metres that fell into the river on August 10. The land was being used to grow flowers for Tet (Lunar New Year) next year. At least 19 erosion spots, covering a total length of 1,738 metres along the riverbank, have been detected, according to the provincial Department of Agriculture and Rural Development. The Cho Moi People’s Committee has asked residents to move their flower plants out of the area. The erosion has affected 172 houses and caused 20 houses to collapse into the Hau River, with damage estimated at more than VND89 billion (US$3.9 million).  Source: VNS related news Mekong Delta struggles with erosion Serious erosion occurs in western coast of Kien Giang Mekong Delta blighted by riverbank erosion Ministry identifies eight causes behind landslides in Mekong Delta... [read more]




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