RUSSIA: Coca-Cola Co denies Nestea Russia expansion reports
Coca-Cola Russia said it does not need an additional facility for the production of Nestea
The Coca-Cola Co has clarified reports that it is looking to expand the bottling of Nestea in Russia.
Reports from Russian daily Kommersant said today (17 October), that Coca-Cola may look at bottling the Nestle-owned iced tea beverage at its Lipetsk Rosinka soft drinks facility in Russia. Kommersant reported that Coca-Cola representatives have visited the Lipetsk plant recently to inspect its technical capabilities.
However, a spokesperson for Coca-Cola in Russia told just-drinks that it does not need an additional facility for the production of Nestea and that it has enough capacity through the facilities of its bottling partner, Coca-Cola Hellenic, in the country.
"Nestea is produced and distributed by Coca-Cola Hellenic in Russia, through the Beverage Partners Worldwide joint-venture (with Nestle)," the spokesperson said. "In September, we launched a new production facility in Rostov that will produce the iced tea. We are not looking for an additional facility."
The spokesperson said that any future investment in increasing capacity would depend on the development of the Russian soft drinks market.
Last month, Coca-Cola pledged a $3bn investment in Russia over the next five years.
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