Mcleod Russel India, a black tea producer, has forayed into the green tea business segment, by acquiring a tea processing factory in Vietnam.
The company, through its subsidiary in Vietnam, Phu Ben Tea Company, has inked an agreement to buy a green tea processing factory in Vietnam for $8,20,000 (approx Rs five crore). The facility has an annual production capacity of six lakh kg. Mcleod Russel India will upgrade this production facility and expand the capacity of the plant to one million kg by the end of April 2015.
Apart from this, the company produces about 100 million kg of high quality tea per year from tea estates in Assam, West Bengal, Vietnam, Uganda and Rwanda.