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Coca-Cola to Invest $ 3 bln into Russia
27.09.2011 10:58
Coca-Cola to Invest $ 3 bln into Russia

The American company Coca-Cola intends to invest $ 3 bln into the Russian economy for the nearest five years. This was claimed by the Head of the company Muhtar Kent, reports Reuters. According to the agency, Coca-Cola has already spent $ 3 bln for the all time of its presence in the Russian market.

In spite of considerable growth of investments into Russia, Coca-Cola is going to invest even more into China, about $ 4 bln.

 Coca-Cola connects its development in Russia with the Sochi Olympic Games 2014. On September 26 its subsidiary Coca-Cola Helleni has launch a plant in Rostov region, which will supply the drinks to the Olympics. The company spent about $ 120 mln for the plant. It can produce 450 mln litters of drinks a year.

In Russia Coca-Cola owns not only soft drinks bottling plants, but also juice production. The American company owns the company Nidan, which produces branded juices Moya Semya (My Family), Da! (Yes!) and others.

Pepsi, the main Coca-Cola rival, also invests into Russian economy. In 2009 Pepsi was reported to increase its investments into Russia by $ 1 bln, what would make up $ 4 bln in total.

Author: Irina Fomina

Tags: Russian business invest Sochi   

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