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CG Global from Nepal opens first production plant in Europe

Tuesday, October 17, 2017, 10:30 Hrs  [IST]
HBI Staff | Mumbai

CG Corp Global from Nepal comprising 122 companies and 76 brands has opened its first production plant in Europe at Ruma. World famous Wai Wai Noodles will be produced in this plant and exported to entire Europe.

CG Corp Global owned under the stewardship of Dr. Binod Chaudhary, the First Billionaire of Nepalese origin, together with his son Nirvana Chaudhary, Managing Director of CG Corp Global manages their business worldwide. Dr. Binod, together with his son Nirvana and Aleksandar Vucic, Serbian President opened the factory in Ruma.

Dr. Binod explained that they selected Serbia and Ruma after a very careful study of the market considering the locational advantage to facilitate the logistics to serve entire Europe, availability of raw materials in close proximity, availability of skilled manpower and competitive cost structure.

The plant is located on a 9.5 hectare plot of land with approximately 6000 sq mt of covered building space which houses one of the most advanced machine line to produce instant noodles with an investment of approximately EUR 9 million. The plant is poised to employ over 400 people in a phased manner.

“The factory in Ruma is our Gateway to European markets due to close proximity of various markets within the short distance of 1000 kilometers from Ruma. Wai Wai Noodles are one of the fastest growing brands in South East Asia, Middle East and America’s. Now we shall work hard to make it a household name in Europe from our Ruma plant,” explained Nirvana.

This new greenfield investment in Ruma was commissioned with in the short time of 16 months considering the magnitude of the project. This was possible by sheer proactive support of the government bodies and the local administration who very actively participated in resolving the matters to expedite the project.

By mid September, the factory launched commercial production for the EU market with shift capacities of 150,000 production packages.

The company, based at Rumska Petlja Industrial zone is part of global conglomerate CG Corp Global having business interests in infrastructure, hospitality & hotels, banking & finance, consumer electronics, food & beverages, hydro power generation, education etc and is also looking ahead with more sectors to add to its portfolio.


 
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