Coca-Cola entered Bangladesh in 1965 through an agreement with Tabani Beverage

Coca-Cola entered Bangladesh in 1965 through an agreement with Tabani Beverage

The Coca-Cola Co has opened a plant in Bangladesh, part of a US$74m investment in the country.

The Bhaluka site, which began operations in December, will initially run two lines producing Coca-Cola, Diet Coke, Fanta, Sprite and Kinley water, Coca-Cola said last week. It is run by International Beverages, a division of The Coca-Cola Co, and cost $60m to build.

"Bangladesh is fast emerging as one of the world's most important growth markets, and this plant allows for us to meet the demands of this market while creating value," said Irial Finan, president, of Coca-Cola's Bottling Investments Group (BIG).

The soft drinks maker entered Bangladesh in 1965 through an agreement with Tabani Beverage.

Coca-Cola confirmed this month that it has wound down a tech start-up incubator, four years after the programme was launched to tap into new ventures. The company said it will no longer fund new start-ups or conduct additional funding through the Coca-Cola Founders programme.