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Coca-Cola to expand Egypt operations

: Saturday, June 21 - 2014 @ 13:40

Coca-Cola Co has said it expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, Reuters has reported. “Egypt is going to be one of our key anchor countries,” said Coca-Cola Middle East and North Africa president, Curt Ferguson, citing the country’s large and growing population as a big positive. As part of a $500m investment plan announced for Egypt in March, Coca-Cola will start constructing a new juice plant in 6th of October city near Cairo next year in a joint $100m dollar project with Saudi Arabia’s Aujan Coca-Cola Beverages Co. The $500m will be spent over the next three years, Ferguson said.

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Saturday, June 21- 2014 @ 13:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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