India’s largest tea producer, McLeod Russel India Ltd, which has grown its production capacity 150% with three acquisitions in the past two years said it wants to acquire more tea gardens in Assam and Africa.
“In Assam we will not be looking for a single garden but a collective holding with production capacity upwards of 5 million kg,” said Aditya Khaitan, managing director of McLeod Russel.Khaitan added that the company was also looking to acquire capacity of 15-16 million kg in Africa at an estimated cost of $20 million (Rs80 crore).
In June 2005, McLeod Russel acquired Williamson Tea (Assam) Ltd from the UK-based Magor group; in December of the same year, it bought Doom Dooma Tea Company Ltd from Hindustan Lever Ltd; and it is now waiting to complete the acquisition of Moran Tea Company (India) Ltd from Moran Holdings Plc.
The three acquisitions have taken the company’s capacity to 75 million kg (from 30 million kg) and it is now looking to touch the 100 million kg mark.
Read more in The Livemint article.
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Hi
There is going to be a Blogcamp in India on 16th of June. Around 250 bloggers will be taking part in the event.
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Check the:
wiki: http://barcamp.org/BlogCampPune
official blog: http://www.blogcamppune.blogspot.com/
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