UPDATE - SINGAPORE: The Coca-Cola Co opens Singapore plant
The plant is the first concentrate facility in Coca-Cola's 75-year presence in Singapore
The Coca-Cola Co has officially opened its first concentrate facility in Singapore.
The SGD72m (US$60m) plant, located in Tuas, will manufacture and supply concentrate to several fast-growing markets in the Asia-Pacific region. The facility will create around 120 jobs, the soft drinks firm said today (20 September).
The plant is the first concentrate facility in the company's 75-year presence in Singapore and one of its largest in Asia, with the capacity to produce 24m kg of concentrate per annum.
"This is an investment for growth," said Coca-Cola's executive VP, Irial Finan. "Asia is one of our fastest growing markets and across the region we see high demand for our wide range of beverages. Locating the plant in Singapore is in line with Coca-Cola's strategy of being close to our customers. We can have a short lead time to our markets, enabling a flexible supply chain and low carbon footprint."
The Coca-Cola Co has spent the last 20 years diversifying its portfolio. Where once the rest of the stable cowered in Coke's shadow, more of the company's brands are now grabbing the spotlight and del...
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