POSTED: September 26th 2011

Coca-Cola to invest US$3 billion for sustainable growth in Russia

The Coca Cola Top Sponsorship is the longest running starting in 1928  with the Amsterdam Games / Coca Cola
The Coca Cola Top Sponsorship is the longest running starting in 1928 with the Amsterdam Games / Coca Cola

LAURA WALDEN / Sports Features Communications

TAMPA: Olympic Top Sponsor Coca-Cola and its bottling partner Coca-Cola Hellenic announced today that they have launched a new US$3 billion Russian investment program in the Rostov region.

A new Coca-Cola Hellenic plant was also inaugurated today ramping up production in view of the 2014 winter Olympics. It will produce over 450 million liters of beverages per year.

The new program will start in 2012 and run for five years and focus on new infrastructure, partnerships, brand building, and sustainability programs.

The opening of the new Coca-Cola Hellenic plant in Rostov region also coincided with the launch of the limited edition Coca-Cola can bearing the Sochi 2014 logo.

Dmitry Chernyshenko, President and CEO of the Sochi 2014 Organizing Committee, said: "The launch of the new Coca-Cola plant demonstrates the fact that the Olympic Games in Sochi have become a catalyst of the economic growth of the Russian South. Coca-Cola shares two major ideals of the Sochi 2014 Organizing Committee - innovation and sustainability.

“The plant is equipped with the most advanced technologies, and I believe that in 2014 we are going to be thirsty but only for Olympic victory."

Governor of the Rostov region,Vasily Golubev said, "At present the Rostov region is among three Russian regions with the most comfortable business climate. Coca-Cola Hellenic's investment exemplifies this trend.

“In addition to offering employment opportunities for the community, the Company provides a concrete example: it is profitable to open and do business here. As such, the Company benefits further economic growth of the Don region and the country on the whole."

Ceo Muhtar Kent said, "The Coca-Cola Company is proud to be serving this great nation's 140 million-plus consumers. Our system is part of the fabric of Russia's economic development and we continue to invest in Russia to create jobs and stimulate growth across our supply chain.

“Today's announcement underscores the Coca-Cola system's long-term strategy of investing in Russia. The Coca-Cola Company along with our bottling partner, Coca-Cola Hellenic, will invest in Russia more than US$3 billion in 5 years from 2012 to 2016."

Coca-Cola Hellenic plant has 422 employees and now the Coca-Cola company now has cumulative investments in the Russian economy amounting to more than US$3 billion in total.

Keywords · Coca-Cola · Sochi 2014 · winter Games · Muhtar Kent · Vasily Golubev · Dmitry Chernyshenko

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