McLeod Russel looking for acquisitions in Africa
The world's largest tea producer, India's McLeod Russel, has set its sight on African tea plantations, according to a company official. The company, which produces approximately 80 million kilograms of tea annually and exports around 30 million kilograms, is focusing primarily on Kenya and hopes the acquisitions can add 5 to 10 million kilograms in the near future. McLeod Russel plans to source between 20 and 30 percent of its production from outside India in the next five years.