PAKISTAN: Coca-Cola Icecek to invest US$300m in Pakistan
Ozilan believes the investment will support a “dynamic Pakistan market”
Coca-Cola Icecek (CCI) is to invest US$300m in Pakistan over the next three years.
Speaking at the inauguration of a new facility in Lahore late last week, CCI's chairman Tuncay Ozilhan said, in partnership with Coca-Cola Beverages Pakistan, the firms are expanding facilities in the country in a bid to provide for the “every growing market demand”.
He added that the investment will support the growing sales volume in a “dynamic Pakistan market”.
“Today, Coca-Cola Pakistan has six plants and 13 warehouses across the country with a production capacity of over 100m physical cases and our products are available in more than 200,000 points of sale," Ozilhan said. "The business has tripled over the last five years and we have great hopes for the future.
“This is only the beginning, Together with our partners, we plan to invest about $300m in Pakistan over the next three years or so.”
CCI currently operates 20 production plants in ten countries across Turkey, Pakistan, Central Asia and the Middle East.
Ozilhan added that, based on sales volume growth expectations, he hopes to make additional investments in the site over the next two to three years, with a view to doubling the capacity of the plant.
Last week, CCI reported a return to profits in the first quarter of the year, boosted by carbonated drinks.
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