coke launches biggest russia plant
Last Updated : GMT 20:41:34
Arab Today, arab today
Arab Today, arab today

Coke launches biggest Russia plant

Arab Today, arab today

Arab Today, arab today Coke launches biggest Russia plant

Rostov-On-Don - AFP

World beverage leader Coca-Cola announced the launch Monday of its largest plant in Russia in a move aimed at countering the growing influence in the region of its US rival PepsiCo. The shiny new $120 million plant in the southern city of Rostov-on-Don will supply fizzy drinks to the tens of thousands of fans who converge on the nearby city of Sochi for the 2014 Winter Olympic Games. "Today's plant opening once again highlights our intention to put long-term investments in place within the Russian economy," Coca-Cola chief executive Muhtar Kent said at the opening ceremony. The company said it planned to invest about $3 billion in the Russian economy in the next three years as its seeks to counter PepsiCo's growing influence in the ex-Soviet states. PepsiCo earlier this years acquired a two-thirds stake in Russia's second-largest food and beverage company Wimm-Bill-Dann for $3.8 billion. The investment by Coca-Cola's main rival was PepsiCo's largest outside the United States and underscored its commitment to a market it first penetrated in 1973. The stiff competition folds nicely into the Russian government's plans to boost stalling regional growth. Russia has sought to attract foreign direct investments as it tries to kick-start a modernisation drive intended to wean the country off its dependence on energy revenues. PepsiCo has worked its way into the Wimm-Bill-Dann deal by investing some $3 billion in Russia over the past decade. It plans to pour another billion dollars into Wimm-Bill-Dann by the end of the year. Coca-Cola said its investments in Rostov will be made between next year and 2016. Local officials have highlighted the plant as an example of the investments generated by the ability of Prime Minister Vladimir Putin -- expected to return to the presidency next year -- to bring the Olympic Games to Russia against long odds. "The construction of this new plant demonstrates that the Sochi 2014 Winter Olympic and Paralympic Games have become a catalyst for economic development in southern Russia," said the Games' organising committee chief Dmitry Chernyshenko.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

coke launches biggest russia plant coke launches biggest russia plant

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

coke launches biggest russia plant coke launches biggest russia plant

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday