Manpasand Beverages invests Rs 160 crore in Ambala – Feedback

Mango juice maker Manpasand Beverages Limited has completed setting up of its new manufacturing facility in Haryana.

Located in Ambala, the new plant will contribute additional 45,000-50,000 cases per day to the company’s existing capacity of 120,000-125,000 cases per day. The total investment in this facility has been about Rs 160 core and has been financed though the IPO proceeds. In 2015, Manpasand had raised Rs 400 crore through an IPO, one of the primary objectives of which was setting up this plant. “The demand for our fruit juices under the Mango Sip and Fruits Up brands is so large that we need to continuously add new capacities,” said chairman Dhirendra Singh. The facility will produce the entire range of Fruits Up drinks, carbonated and non-carbonated, along with the flagship brand, Mango Sip, Singh said. “From a strategic point of view, this facility will give us an upper hand in reaching out to markets in north and north-eastern India,” he said.

http://economictimes.indiatimes.com/industry/cons-products/food/manpasand-beverages-invests-rs-160-crore-in-ambala/articleshow/53830322.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *