International Beverages, a unit of Coca?Cola Company, has opened a new bottling plant in Bhaluka, Bangladesh.

The plant, which commenced operations in December 2016, has been launched as part of the company’s planned $74m investment through 2020 in the country.

The firm said that the additional spending have helped in infrastructure improvements, route-to-market enhancements and marketing programs.

Employing more than 150 people, the facility will initially run two lines which produces Coca-Cola, Diet Coke, Fanta, Sprite and Kinley water.

The Coca-Cola Company Bottling Investments Group (BIG) president Irial Finan said: “Bangladesh is fast emerging as one of the world's most important growth markets, and this plant allows for us to meet the demands of this market while creating value,”

“It is our hope that people view our presence as a representation of our strong belief in this country and optimism in creating a stronger future for our communities and businesses in this country.”

The $60m site is expected to create approximately 1,000 additional indirect jobs through industries from transportation and manufacturing to packaging supply.

Bangladesh Finance Minister A M A Muhith said: “Private sector investment in our country is picking up, and Coca-Cola’s decision to invest in Bangladesh demonstrates our position as an investment hub.

“More importantly, Coca-Cola’s investment expands beyond the walls of this plant by creating additional jobs in our communities, training local talent and investing in our communities.”

Coca-Cola said that the launch is part of its effort to secure long-term growth for its business in the region and secure sustainable development for the local community.

 

Source: beverageproducts.packaging-business-review.com

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