Coca-Cola Enterprises has confirmed that it will close its Binghamton, New York bottling facility in early January.

Spokesperson Toney Anaya told just-drinks today (31 October) that some of the company's 62 employees will transfer to other facilities in the area, however declined to give precise numbers.

The company has regional facilities in Syracuse, Elmira and Pittston.

Economic challenges and a drop in the company's stock prices are understood to have contributed to the closing, although the company's Binghamton plant has been reported as being "antiquated", with other regional plants believed to be better able to handle the production.

According to reports, the Binghamton facility is the only one scheduled to close, although more may shut down at a later date.

Investment adviser Standard & Poor's downgraded Coca-Cola Enterprises rating this week from stable to negative, after the bottler slashed its earnings guidance. CCE's profits for the three months to the end of September fell to US$214m, down from $268m in the same period last year, the company said last week.