Jul 10, 2025 (MarketLine via COMTEX) --
The expansion will increase facility capacity by roughly 60%.
Food Empire is investing $37m in expanding its spray-dried soluble coffee manufacturing facility in the Indian state of Andhra Pradesh.AA
In a statement, the Singapore-listed group said the expansion would support "its fast-growing branded consumer businessaEUR, and increase the facility's capacity by around 60%.
Food Empire group CEO and executive director Sudeep Nair said the company has reported aEURoefour consecutive years of record revenue growth driven by the stellar performanceaEUR in the aEURoecore branded consumer businessaEUR.A
Nair added that this growth has aEURoegiven us the confidence to expand our ingredients manufacturing businessaEUR, which help to make it "a leading player in soluble coffee in Asia," as well as "serve as a vital link to support the growth of our branded consumer business as we continue to invest in brand building activities across our markets.aEUR
Food Empire's products, which also include cereal blends and potato chips, are sold in over 60 countries under brands such as MacCoffee, CafA(C)PH? and Petrovskaya Sloboda, as well as Kracks.A
The expansion project in India is set to begin in the fourth quarter of 2025 and is expected to be finished by the end of 2027.AA
In addition to the spray-dried facility, Food Empire operates a freeze-dried soluble coffee manufacturing facility in India.AAA
In September, the company revealed plans to establish another freeze-dried facility in Binh Dinh, Vietnam, by 2028, through a $80m investment.A
Food Empire reported a 16.3% increase in topline revenue, reaching $136.6m for the three months ending 31 March 2025.A
Revenues from Food Empire's Southeast Asia market reached $40m in the first quarter period, surpassing the group's Russian market, traditionally the group's largest revenue generator, for the first time.
It marked a 33.8% increase from $29.9m in the same quarter of 2024, driven by sales in Vietnam.A
Food Empire's South Asia market was the second-best performer in the quarter, with revenue rising 31.7% to $19.1m in the first quarter of 2025, up from $14.5m in the first quarter of 2024.AA
Announcing the results in May, Nair said: aEURoeWe expect our fastest growth to continue to come from Asia, driven by our strong brand positions and supported by a robust pipeline of capacity expansion projects that are currently being carried out in the region.aEURA
In March, Food Empire secured financial backing from the European Bank for Reconstruction and Development for its first coffee product site in Kazakhstan.AA
Located in Khorgos, near the China border, the facility will produce coffee for retail and foodservice customers, including products under the MacCoffee brand.A
The groupaEUR(TM)s Ukraine, Kazakhstan, and CIS markets segment also saw revenues grow 14.9% to $33.9m in the first quarter of 2025.AA
The increase was primarily driven by Kazakhstan, where revenue rose 29%, reflecting contributions from Tea House, which became a subsidiary of Food Empire in May 2024.A
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
COMTEX_467193653/2227/2025-07-10T09:33:03
Copyright (C) 2025 Datamonitor. All rights reserved
