Coca-Cola to expand Egypt operations

June 21, 2014 1:40 pm

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.