CHILE: The Coca-Cola Co pledges US$1.3bn investment
The Coca-Cola Co is also investing in India
The Coca-Cola Co has announced a US$1.3bn investment in Chile over the next four years as it opens a new bottling plant in the country.
Coca-Cola chairman Muhtar Kent cut the ribbon on the $200m facility in Renca on Thursday (15 November), the company said late last week. The plant is part of the wider investment in the country that will last until 2016, Coca-Cola said.
“We are devoting resources to innovation and productivity, creating jobs for Chileans, and helping thousands of small- and medium-size entrepreneurs throughout the country to grow their businesses sustainably,” Kent said.
The new plant, owned by Chilean bottler Coca-Cola Andina, houses ten production lines, expandable to 12, Coca-Cola said.
Coca-Cola is also investing in India, pledging $5bn to the country over the next eight years.
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