Coca-Cola India To Double Capacity

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: Encouraged by 39 per cent volume growth in 2002, Coca-Cola India will double its capacity at an investment of $125 million (Rs 750 crore), a senior official of the company said.

“We are very aggressive about the future and expect to get better business. We will be spending close to $125 million between September 2002 and March 2003 on doubling capacity at all fronts,” Coca-Cola India deputy division president Sanjiv Gupta told reporters here.

He said a majority of the new investment would be made in South India, while about Rs 100 crore would be invested in the eastern part of the country for adding new lines, expanding facilities and increasing capacity.

He said 2002 was a particularly good year for the Indian subsidiary of CCI as it won the Woodruf Cup from among 22 divisions of the company based on three broad parameters of volume, profitibility and quality. PTI

He said, the 39 per cent volume growth recorded by CCI India in 2002 was significant considering the industry grew by 23 per cent nationally whereas in places like West Bengal it grew by 35 per cent.

Speaking about the company’s plans for East India, which was the second most important for the company in terms of sales, Mr Gupta said, “we are looking at a new facility in North Bengal next year, with an investment of Rs 40 crore, but that will depend on volume growth that we get from the ongoing investments.”