The Coca-Cola Company is to submit a planning application for the building of a manufacturing and innovation facility in Wexford, Ireland.

The investment is estimated at around US£300m, of which a portion would be used for R&D activities.

The flavour manufacturing facility is expected to create around 60 jobs a year after its opening and another 100 after five years.

Crystal Warwell Walker, Coca-Cola spokesperson said: "As part of our consideration, we are filing an application for planning and no final decisions have been made."

The company said it will make a formal announcement if the project receives planning approval.

The Irish Minister for Enterprise, Trade and Employment, Mary Coughlan told reporters yesterday (2 July) that the proposed investment would be a "terrific addition to the industry base in Wexford and the South East Region".