IndiaCatalog.com
India News
Search Web Directory
News Home
Coca-Cola moves out of bottling ops in North India, to divest three plants
Posted on 5th December 2019
Coca-Cola has moved out of bottling operations in north India. The company announced on Wednesday Hindustan Coca-Cola Beverages (HCCB), the groups' local bottling arm, would transfer its business operations in four territories in north India to the existing bottlers.

This means, Coca-Cola group will no longer bottle and market any of its beverages in the country. As a part of this transition, HCCB will divest three of its existing plants in the region - one each in Ghaziabad (UP), Varanasi (UP), and Jammu (J&K).

While the bottling company currently has 18 plants, after the transfer it will be left with 15 plants in the southern, western, and eastern parts of the country.

According to a Coca-Cola India spokesperson, the company is on course to build a stronger and more sustainable local business in India. "This move will deliver sustainable growth and will create shared value for bottlers, customers, consumers, and communities. This realignment optimizes existing capacities, supply chain, brings further investments, and improves distribution routes through contiguous territories."

The firm is not planning to divest anymore plants, the spokesperson said.

Coke's move follows PepsiCo's divestment of bottling assets to its key franchise partners like Varun Beverages in the past five years. Unlike Coke, PepsiCo does not bottle any of its beverages in India now. While both have refrained from relating any of these moves to their respective profitability, experts said, the exiting bottling operations were directly related to improving bottom lines. Being a low margin business, bottling and marketing of beverages usually put strain on firm's margins.

Other Latest News
Nirbhaya case: SC to hear curative petitions by two convicts on Jan 14
Posted on 11th January 2020

A five-judge bench of the Supreme Court will hear on January 14 curative petitions of two of the four death-row convicts in the Nirbhaya case.

A bench of Justices N V Ramana, Arun Mishra, R F Nariman, R Banumathi and Ashok Bhushan will hear the curative petitions filed by Vinay Sharma and Mukesh at 1.45 pm.


Goa police arrests 8 people with demonetised currency worth Rs 1.5 crore
Posted on 11th January 2020

Eight persons were arrested for allegedly possessing demonetised currency notes worth Rs 1.5 crore, Goa police said on Saturday.

The demonetised currency was seized during a routine search of vehicles at the Pollem border check post in South Goa on Friday, deputy superintendent of police (Canacona) Kiran Paudwal.


Illegal apartment complex in Kerala demolished; SC order implemented
Posted on 11th January 2020

A high rise apartment complex was brought down through controlled implosion method as authorities began implementing a Supreme Court order to demolish four illegal water-front structures in Maradu municipality here on Saturday.

The residential complex was demolished at 11.18 am.

The 60-meter high 19-storey building, known as "Holy Faith H20, was levelled in seconds in a spectacular implosion.


Panasonic Life to invest Rs 600 crore for electrical equipment near Chennai
Posted on 11th January 2020

Panasonic Life Solutions will invest Rs 600 crore in India, initially spending Rs 294.7 crore to set up an electrical equipment and wiring manufacturing plant in SriCity near Chennai.

The plant will start work by October 2021, becoming Panasonic’s eighth electrical equipment production base in India after facilities in north and west India.


Centre notifies Citizenship Act amid protests; SC to hear pleas on Jan 22
Posted on 11th January 2020

The Centre notified the Citizenship Amendment Act (CAA) on Friday. The notification comes nearly a month after Parliament passed it on December 11, and in the wake of sustained anti-CAA protests. The Supreme Court is set to hear petitions challenging the constitutionality of the law on January 22.

The Centre, by notifying the law, has indicated its resolve to implement it even as lawyers and retired judges, Opposition parties, activists, students and retired bureaucrats have criticised it as unconstitutional as it discriminates on the basis of religion.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Coca-Cola moves out of bottling ops in North India, to divest three plants
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Coca-Cola moves out of bottling ops in North India, to divest three plants

Most Read News

Goa police arrests 8 people with demonetised currency worth Rs 1.5 crore

Illegal apartment complex in Kerala demolished; SC order implemented

Nirbhaya case: SC to hear curative petitions by two convicts on Jan 14

Centre notifies Citizenship Act amid protests; SC to hear pleas on Jan 22

Panasonic Life to invest Rs 600 crore for electrical equipment near Chennai

More India News

Photo Gallery

Yamaha Vmax(14 Images)Yamaha Vmax
Karthika(10 Images) Karthika
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement