INDIA – SLMG Beverages, a bottling partner of Coca-Cola India, is building a new six-line production facility in Trishundi, Amethi, Uttar Pradesh.
Uttar Pradesh Chief Minister Yogi Adityanath officiated the inauguration of the facility which marks a significant milestone in the region’s industrial landscape.
Upon completion, the new production facility will produce beverages in the sparkling, juices, and water categories and offer sustainable packaging solutions.
The plant also has a line that produces Affordable Small Sparkling Pack (ASSP), specifically introduced for India and which is alleged to have a plastic reduction of approximately 35 per cent in the 250 ml pack.
The Coca-Cola partner plans to invest about Rs 700 crore (US$84 million) in the new plant. The investment will see nearly 600 people in the area benefit from total direct employment.
Besides, the plant will also create 2,000 indirect jobs in the regions benefiting the local population, according to the bottling company.
Coca-Cola has 13 bottling partners in India with the region ranking as its fifth largest market globally.
The bottling partners operate about 40 bottling plants in the region which also hosts the highest population globally- As of today, November 1, 2023, India’s population is estimated to be 1,433,019,513 people.
SLMG Beverages Chairman and Managing Director S N Ladhani said: “When Coca-Cola re-entered the Indian market 30 years ago, we produced the first Coca-Cola bottle in India and are proud to continue The Coca-Cola company’s legacy and widen our reach to consumers across the region.”
FY23 profits jump 57%
Meanwhile, Coca Cola India has reported a net profit of Rs 722.44 crore in FY23, a 56.9 per cent jump from the reported net profit of Rs 460.35 crore in FY22.
The company also achieved net sales of Rs 4,521 crore for the financial year ended 31 March 2023, a 44.9 per cent jump from sales of Rs 3,121 crore in the previous financial year.
“This double-digit surge in revenue was driven by both volume growth and price-mix, and an overall increase in sales, primarily backed by affordable price points and demand across rural regions,” stated the company.
The company said that it is strategically focused on ramping up distribution in the general trade channel with a strong focus on rural markets.
“Our products are now available in 4.5 million outlets, up from 2.8 million outlets in pre-Covid times,” it added.