Coca-Cola opens a new plant in Russia prior to 2014 Olympics
September 26, 2011
Coca-Cola, one of the most well-known soda brands in the world, is planning to double their investment in Russia over the next five or six years. Already, the company's investments in the Russian economy are around $3 billion, and their active interest in the country shows other businesses that Russia is a profitable place to do business, which may help further stimulate the economy.
The first step Coca-Cola is taking is opening a new production plant in the Rostov region, which will benefit the community by creating jobs.
"The Coca-Cola Company is proud to be serving this great nation's 140 million-plus consumers," said Muhtar Kent, the chairman and CEO of The Coca-Cola Company. "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."
The opening of the new factory is being commemorated by a special edition can design, feature the 2014 Sochi logo. Sochi was chosen to host the 2014 Winter Olympics, of which Coca-Cola is a major sponsor.
You Might Also Like...
- U.S. and Russia work together for endangered polar bears
- Kim Jong-Il heads to Moscow in secrecy
- Many think murder plot against Putin may have been ploy before elections
- Final list of Russian cities to host 2018 World Cup to be announced
- Russian scuba divers come across shipwrecked vessel with gold cargo