MILAN – Tata Coffee expects its new freeze-dried coffee plant in the Binh Duong Province of Vietnam to reach full capacity within the first couple of years. The plant, which was inaugurated last week, was set up within 19 months after the ground-breaking ceremony in August 2017.
It has a capacity of 5,000 metric tonnes and will employ 48 locals to start with, which will further rise to 100 when production ramps up.
Tata Coffee expects to tap on market opportunities in the agglomerate to freeze-dried coffee, which is a premium and most profitable instant coffee product with double-margins, said the company’s Managing Director and CEO, Tata Coffee Ltd.
This product is in high demand in Eastern Europe, East Asia (Japan and Korea) and EU markets.
The global freeze-dried market, which stood at approximately 200,000 MT in 2017, has been growing at 1.8 per cent year-on-year over the past five years, and has been estimated to grow at a rate of 1.9 per cent over the next five years.