Coca-Cola moves out of bottling ops in North India, to divest three plants
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
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, ...