UK: Coke HBC plans Northern Ireland move
Coca-Cola HBC is planning to build a plant in Northern Ireland in the next stage of its restructuring on both sides of the Irish border.
A spokesman for the company, the world's third-largest bottler of Coke products, confirmed the plans to just-drinks today (15 August).
He said the plant would serve both sides of the Irish border following CCHBC's sale of its plant in Dublin. The Northern Ireland site is expected to be up and running during the first half of next year.
Reports in the UK said the new site in Northern Ireland would cost around EUR45m (US$57.5m) to build but the spokesman declined to comment.
Last week, Coca-Cola HBC said it recorded a net gain of EUR14.8m from the sale of the Dublin site. The company's restructuring programmes in Ireland, Greece, Nigeria and Croatia cost it EUR37.1m during the first half of the year and it expects a further EUR10m in costs during the rest of this year.
The bottler saw operating profit for the first six months of this year rise 11% to EUR276m as volumes rose 10%, thanks largely to rising sales in emerging markets like Russia and Romania.
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