Coca-Cola to invest $3 billion more in Russia
Sept. 26, 2011
by Keith Nunes
ROSTOV-ON-DON, RUSSIA — At the opening of its 15th facility in Russia, the Coca-Cola Co. and its bottling partner, Coca-Cola Hellenic, announced an additional investment of $3 billion over five years beginning in 2012.
“The Coca-Cola Co. is proud to be serving this great nation’s 140 million-plus consumers,” said Muhtar Kent, chairman and chief executive officer. “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. The Coca-Cola Co. along with our bottling partner, Coca-Cola Hellenic, will invest in Russia more than $3 billion in 5 years from 2012 to 2016.”
The new facility in Rostov has a production capacity of 450 million liters of beverages per year and cost approximately $120 million to build. To date, Coca-Cola has invested more than $3 billion in developing the Russian market, according to the company.