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Saturday, February 9, 2013 - Page updated at 02:00 p.m.
Starbucks opens roasting plant in India
By Melissa Allison
Seattle Times business reporter
Starbucks opened a roasting and packaging plant in India this week.
The plant is Starbucks’ second overseas; its first is in Amsterdam. The chain also has roasting facilities in Kent; Sandy Run, S.C.; Carson Valley, Nev.; and York, Pa.
The India plant is half-owned by a branch of the Tata Group, an Indian conglomerate that also half-owns Starbucks’ shops in India. Tata is one of Asia’s largest coffee growers.
The new 8,258-square-foot facility is in Kushalnagar, in India’s Coorg coffee region, several hours outside of Bangalore.
It will provide roasted coffee for Starbucks in India and eventually in other countries.
Starbucks also said Friday it has renewed an unsecured revolving line of credit, increasing its borrowing capacity from $500 million to $750 million. The new line of credit comes will mature on Feb. 5, 2018.
Starbucks ended 2012 with $1.9 billion in cash.
Melissa Allison: 206-464-3312 or firstname.lastname@example.org. Twitter @AllisonSeattle.
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