Coca-Cola opens $120 mn plant for 2014 Winter Olympics

September 26th, 2011 - 6:06 pm ICT by IANS  

Moscow, Sep 26 (IANS/RIA Novosti) The Coca-Cola Company has launched a $120 million plant to supply non-alcoholic beverages for the 2014 Winter Olympics in Russia’s Black Sea resort city of Sochi, the company said Monday.

The plant, which will be the company’s 15th production facility in Russia, will have a capacity of 450 million decalitres of non-alcoholic beverages a year, the company said in a statement.

“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. Today’s announcement underscores the Coca-Cola system’s long-term strategy of investing in Russia,” Coca-Cola chairman and chief executive officer Muhtar Kent was quoted as saying.

The company along with its bottling partner, Coca-Cola Hellenic, will invest in Russia more than $3 billion from 2012 to 2016, he said.

–IANS/RIA Novosti
pm/vt

Related Stories

Tags: , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe