Coca-Cola eyes Olympic market in Russia

September 26th, 2011 - 9:36 pm ICT by IANS  

Moscow, Sep 26 (IANS) US soft drink giant Coca-Cola has launched a $120 million plant in south Russia to supply non-alcoholic beverages for the 2014 Winter Olympic Games in Sochi, the company said Monday.

The plant, the company’s 15th production facility in Russia, will have a capacity of 450 million decaliters of non-alcoholic beverages a year and will be located some 20 km from Rostov-on-Don, the company said in a statement, Xinhua reported.

Coca-Cola along with its bottling partner, Coca-Cola Hellenic, will invest in Russia more than $3 billion from 2012 to 2016, Coca-Cola Chairman and CEO Muhtar Kent was quoted as saying in a statement.

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