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Molson Coors and Cobra to invest $35 million in expanding beer production in Bihar
Molson Coors and Cobra to invest $35 million in expanding beer production in Bihar
Montreal, Denver, Mumbai: according to the latest reports, Molson Coors Brewing Company and Cobra India has formed a joint venture that will brew and market Cobra beer in South Asia. The deal with Cobra India includes land, a 175,000 hl brewery in Bihar state, with potential to expand to 500,000hl, and a beer portfolio consisting of Cobra Premium, King Cobra Superior and Iceberg 9000. The total investment by Molson Coors is approximately $35 million.
The capacity of the Indian brewing industry year ending...