RUSSIA: Coke and Pepsi to increase Russian output
The world's two largest soft drinks producers, Coca-Cola and PepsiCo, are turning up the heat on the Russian market with plans to increase production of beverages.
Coca-Cola has announced plans to increase production 30% at its St. Petersburg plant to 150m litres in 2002, according to the Interfax news service.
Production at the plant currently runs at 47,000 bottles per hour and since the plant opened in 1995 650m litres have been produced.
Meanwhile, Pepsi is planning to invest US$20m on expanding production at its Moscow plant. Alexander Shalnev, a Pepsi Cola Russia board member was quoted by Interfax as saying that the funds will go into a new soft drinks production line and the resulting infrastructure.
The launch is planned for spring this year.
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