Coca-Cola Franchise Bottler Shuts Plant in Mehdiganj, Varanasi
by Meenakshi Verma Ambwani
The Hindu Business Line
November 21, 2021
New Delhi: SLMG Beverages, the franchise bottling partner of Coca-Cola India, has shut down its Varanasi (Mehdiganj) plant, attributing the decision to the beverage industry’s broader transition to PET from glass bottles.
The company had acquired this plant about two years ago from Coca-Cola’s bottling arm, Hindustan Coca-Cola Beverages (HCCB).
According to the notice sent to plant workers, a copy of which is with BusinessLine , SLMG Beverages said the contribution of the glass bottle-packaged beverage segment to its business has become almost nil due to the shift to PET bottles. It added that despite the evolving circumstances, the company’s management made full efforts to keep the plant operational. However, due to financial losses, it had to take the “difficult” decision to shut down the plant located at Raja Talab, Varanasi on November 12, the notice said.
SLMG Beverages did not respond to queries in this regard. Read the rest at the HinduBusinessLine
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