Hindustan Coca Cola Beverages announces investment of Rs 350 cr in MP | Business News – Business Standard
Through its 13 factories across India, HCCB manufactures and sells 37 different products across eight categories
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, on Saturday announced a fresh investment of Rs 350 crore for its plant in Rajgarh, Madhya Pradesh.
The announcement, made at the regional industry conclave in Ujjain, will increase the company’s cumulative investment in Madhya Pradesh to Rs 660 crore.
“The fresh capital infusion will lead to the introduction of two new state-of-the-art production lines at HCCB’s Rajgarh plant, which will produce affordable Small Sparkling Packs (ASSP) and juice tetra-packs,” the company said.
The expansion will not only increase HCCB’s manufacturing capabilities but also contribute significantly to the state’s economy, it added in a press release.
The company has already invested over Rs 311 crore in the state at its Rajgarh plant since 2000.
“Notably, the recent expansions in 2022 and 2023 include the addition of a Juice PET (polyethylene terephthalate) production line and an aerated water line, representing a total investment of Rs 247 crore,” the company further said.
Through its 13 factories across India, HCCB manufactures and sells 37 different products across eight categories.
First print: March 2, 2024 | 7:47 PM IST