Tata builds freeze-dried coffee plant in Vietnam

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]

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]

Starbucks Corp., the world's biggest coffee-shop operator, will open its first store in Vietnam next month as it expands into its 12th Asian nation.Coffee Concept Ltd., which already has stores in Hong Kong and Macau, will operate the location and is the licensee for Vietnam, Starbucks said. Starbucks, which got 5.4 percent of fiscal 2012 revenue from the 3,300 stores in China and Asia Pacific, has been expanding in the region to help boost sales as U.S. store growth has stagnated since 2009. Asia is the largest and most immediate retail growth opportunity for Starbucks, John Culver, president of China and Asia Pacific, said at a conference in December. Starbucks, which has more than 18,000 locations globally, already purchases beans from Vietnam and will buy more coffee from the nation in the long term, according to the statement.In October the coffee chain opened its first store in India, where it has a partnership with Tata Global Beverages Ltd. Starbucks' shares rose 2.6 percent to $55 at the close in New York on Jan. 2. The stock gained 17 percent last year.... [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]

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]

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]

“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]

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]

Bao Viet Insurance Corporation and FLC Group signed a contract to launch FLC care insurance package for its staffs. — Photo courtesy of FLC Bao Viet Insurance Corporation will provide a VND1.5 billion insurance package for more than 5,000 employees of the FLC Group in the 2017-18 period. According to the contract signed by the two sides in Ha Noi on Wednesday, Bao Viet will continue to provide the FLC Care insurance package to ensure FLC’s welfare policies for its employees continue. FLC’s employees and their families will enjoy comprehensive insurance policies for risks, accidents, illness and maternity, with flexible fees and regular healthcare checks at leading hospitals in Viet Nam. This is the third consecutive year that FLC has signed the contract with Bảo Viẹt as one of the ways to retain staff members, leading to sustainable development in the market. Speaking at the signing ceremony, Nguyẽn Quang Hung, Bảo Viẹt Insurance Corporation’s deputy general director, said the firm has continuously provided insurance packages for businesses that are focused on investing in their human resources. Firms, therefore, would have many choices in welfare policies. FLC has acknowledged that human resources is the main factor for its success and sustainable growth. The group has implemented several welfare policies to maintain its human resources. — VNS ... [read more]

Minister-head of Government Office Mai Tien D​ung reports the Prime Minister’s requirements to Vietnam Airlines, Vietnam Air Traffic Management Corporation and Airports Corporation of Viet Nam. (Photo:gov.com.vn ) Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has urged the aviation industry to tighten security and safety as they are important issues currently. This requirement was one of six in a message from the Prime Minister sent to the aviation industry at the meeting between the Government working group led by Minister – Chairman of the Government Office Mai Tien Dung and representatives of three aviation firms, including Vietnam Airlines, Vietnam Air Traffic Management Corporation and Airports Corporation of Vietnam (ACV), in Hanoi on August 16. The meeting aimed to urge the industry to boost business and production, contributing to hitting the country’s GDP growth target this year as well as discovering and solving difficulties. The businesses will then have to report and explain the problems to the Government and the PM. In the message, PM Phuc said the industry has grown but has to ensure security and safety, seen as the most important issue. “Whatever the circumstances, we will not let danger occur,” said Dung, who also mentioned problems related to air traffic management recently at Cat Bi Airport in the northern city of Hai Phong. The PM mentioned the importance of increasing the frequency of take offs and landings and said that many international airports had a frequency of two minutes per flight, or…... [read more]




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