RUSSIA: CCHBC outlines US$120m investment
Coca-Cola HBC is to spend up to US$120m on building a bottling plant in southern Russia.
The Coca-Cola Co. bottler plans to start construction on the facility, situated in the Rostov region of Russia, in the coming months. The plant will be CCHBC's 14th production facility in Russia.
A spokesman for CCHBC said the plant would focus on bottling Coca-Cola Co.'s core international brands.
CCHBC has also been mulling the idea of tapping into growing demand in Russia for traditional bread drink kvas. The spokesman declined to comment on whether the company had reached a decision on its plans.
Last year, CCHBC enjoyed double-digit sales growth in Russia across its carbonates and non-CSD brands.
During 2006, the company, which has operations in 28 countries across Europe and Africa, saw group sales rise 16% to EUR5.4bn (US$7.2bn) on the back of an 11% increase in volumes. Operating profit rose by 13% EUR569m.
Calories from beverages shipped to schools has decreased due to the beverage industry's progress implementing the National School Beverage Guidelines....
Coca-Cola Icecek, an affiliate of the Coca-Cola Co., is awaiting competition board approval over the acquisition of Turkish tea company Dogadan Gida Urunleri Sanayii ve Pazarlama A.S....
The Coca-Cola Co. has fallen out with a number of smaller Glaceau Vitaminwater distributors over its plans to put 65% of its sales through its own distribution networks across the US, according to rep...
The Coca-Cola Co. has lined up an addition to its Odwalla juice brand in the US....
Coca-Cola's CEO has suggested that he will continue to lead the soft drinks company after he turns 65 next year, according to reports....
The Coca-Cola Co. has stayed silent on reports that it has had a takeover bid for German soft drinks company Bionade rejected....
The Coca-Cola Co. has confirmed that it will cut jobs in its North America unit by the end of the year....
Some citrus-flavoured carbonated drinks contain more caffeine than cola, according to a recent study in the Journal of Food Science....
- Comment - How to Target Cognac's Mok Generation?
- Is Marketing Twisting the Meanings of Words?
- Sustainability - Walking the Walk on Water
- Analysis - Keurig Kold fails to impress
- The Beer Engine that is Africa
- Whyte & Mackay takes on Flor de Caña in UK
- SPI Group US, Canada sales chief departs
- Castel acquires stake in Belvedere
- Belvedere proposes name change
- Brown-Forman eyes family ties with board additions
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Beam Suntory Inc. - Strategy and SWOT Report