June 28, 2017 4:49 PM ET

Food Products

Company Overview of Zhejiang Tata Tea Extraction Co. Ltd.

Company Overview

Zhejiang Tata Tea Extraction Co. Ltd. manufactures tea powders and tea concentrates in China. Its products include instant green tea powders, instant black tea powders, tea polyphenols powders, and other value added tea products. The company was founded in 2010 and is headquartered in Anji, China. Zhejiang Tata Tea Extraction Co. Ltd. operates as a subsidiary of Tata Global Beverages Limited.

Anji Economic Development Zone

Anji,  313300

China

Founded in 2010

Phone:

86 57 2532 5555

Key Executives for Zhejiang Tata Tea Extraction Co. Ltd.

General Manager of Zhejiang Tata Tea Extraction Co Ltd and Director of Zhejiang Tata Tea Extraction Co Ltd
Age: 67
Compensation as of Fiscal Year 2016.

Zhejiang Tata Tea Extraction Co. Ltd. Key Developments

Tata Global Beverages Plans To Sell Stake In Zhejiang Tata Tea Extraction

Tata Global Beverages Limited (BSE:500800) plans to sell its stake in Zhejiang Tata Tea Extraction Co. Ltd. The transaction valued at for $4.83 million will be subject to necessary approvals, completion of negotiations, definitive agreements and satisfaction of conditions precedent.

TGBL Mulls Options For China Operations

Tata Global Beverages Limited (BSE:500800) (TGBL) is planning to evaluate alternatives for its operations in China. TGBL’s Chairman, Cyrus Mistry acknowledged that the company has had challenges in China operations. He stated, “We continue to have those and the reason was from a production perspective.” He added, “We are exploring different options, which could be restructuring or sale, but these are still in the exploration stage.” The annual report also indicates the evaluation of options for Zhejiang Tata Tea Extraction Co. Ltd. (ZTTECL), which is 70% owned by TGBL.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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