Billion dollar investment in Russia
THE Coca-Cola Company and its bottling partner, Coca-Cola Hellenic, will invest US$3 billion in Russia over the next five years, commencing 2012. The announcement was made during the official opening of a new Coca-Cola plant in Rostov officiated by Muhtar Kent, Chairman and CEO of The Coca-Cola Company, and George David, Chairman of Coca-Cola Hellenic Bottling Company.
George David congratulated the plant’s 422 employees and reiterated Coca-Cola Hellenic’s long term commitment to the strategically significant Russian marketplace, the largest in its franchise, and said the investment programme would enhance wealth creation and prosperity in the Rostov region. “I am sure that the launch of this plant in the Southern Federal District will promote the development of the region and the formation of an innovative, eco-oriented economy. We are fully committed to and believe strongly in the potential of Russia, and that of the region.”
Muhtar Kent said: “The Coca-Cola Company is proud to be serving this great nation´s 140 million-plus consumers. Our system is part of the fabric of Russia´s economic development and we continue to invest in Russia to create jobs and stimulate growth across our supply chain. The Coca-Cola Company along with our bottling partner, Coca-Cola Hellenic, will invest in Russia more than US$3billion in five years from 2012 to 2016.”
The investment into the Coca-Cola Hellenic Rostov facility, which has a production capacity of 450million litres of beverages per year, and is located within a 26.5 hectare area, has already amounted to over US$120 million. The facility’s environmental practices, quality controls and modern technologies in manufacturing were showcased during the ceremonies.
The opening of the Coca-Cola Hellenic plant in Rostov region was also commemorated by the launch of the limited edition Coca-Cola can bearing the Sochi 2014 Olympic games logo.
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