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Coca-Cola System To Invest US$3 Billion For Long-Term Sustainable Growth In Russia

The Coca-Cola Company and its bottling partner, Coca-Cola Hellenic, today announced a new Russian investment program of US$3 billion over the next five years, commencing 2012, as part of the official opening of a new Coca-Cola plant in the Rostov region.

Muhtar Kent, Chairman and CEO of The Coca-Cola Company, and George David, Chairman of Coca-Cola Hellenic Bottling Company, officially opened Coca-Cola Hellenic’s newest plant in Europe, located in the Rostov region of Russia. The guests of honor at the factory’s opening included Vasily Golubev, Governor of the Rostov region, and Dmitry Chernyshenko, President and CEO of the Sochi 2014 Organizing Committee.

Vasily Golubev said, “At present the Rostov region is among three Russian regions with the most comfortable business climate. Coca-Cola Hellenic’s investment exemplifies this trend. In addition to offering employment opportunities for the community, the Company provides a concrete example: it is profitable to open and do business here. As such, the Company benefits further economic growth of the Don region and the country on the whole.”

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 program 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. Today’s announcement underscores the Coca-Cola system’s long-term strategy of investing in Russia. The Coca-Cola Company along with our bottling partner, Coca-Cola Hellenic, will invest in Russia more than US$3 billion in 5 years from 2012 to 2016.”

Stock quotes in this article: CCH, KO 

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