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CAGE 2015: Coca-Cola Icecek chases territory expansion

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Coca-Cola Icecek (CCI) has thrown down the gauntlet to The Coca-Cola Co, saying it is ready to take on new territories.

Damian Gammell, president of parent company Anadolu Group Beverage, said yesterday that CCI has strengthened its balance sheet and management capability in the past few years and is looking for expansion. “We're clearly ambitious for more territory,” he told analysts at the Consumer Analyst Group Europe (CAGE) conference in London.

According to Gammell, CCI last year recruited 1.6m new Coca-Cola consumers in Pakistan, an amount second only to India. The company is about to open three new greenfield production facilities in Pakistan. New facilities in Dushanbe, the capital of Tajikistan, and Kazakhstan capital Astana will also open in the next few months.

“Our performance in our existing footprint demonstrates our ability to create value for the Coke system,” Gammell said.

Meanwhile, CCI chief executive Burak Basarir confirmed his company's 2015 full-year guidance of high single digit volumes growth. Net sales growth is expected to be greater than volumes growth, Basarir said.

In first-half results released last year, CCI posted a healthy rise in first-half sales and profits despite challenges in its domestic market and internationally. 


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