Coca-Cola has announced that it will invest $1.2 billion in Argentina over the next three years to expand the production of soft drinks in the country.
This investment builds upon the $1 billion four-year investment programme announced by the company in 2016, which expanded Coca-Cola’s bottling and distribution operations in Argentina through the construction of a new bottling plant in northern Argentina and two new distribution centres.
The additional $1.2 billion programme aims to take this expansion further, as the company says it will upgrade and construct new production lines at existing bottling facilities in the country.
A statement from the company claimed that the investment was necessary to achieve “truly sustainable growth with a positive socioeconomic impact, compatible with environmental protection.”
The company’s soft drinks portfolio in the country includes 20 brands, such as Coca-Cola, Coca-Cola Light, Sprite, Fanta, Powerade, Cepita, Bonaqua, and Aquarius.
Joao Marcelo Ramires, president of the South Latin America Unit of Coca-Cola said: “We are aware of the responsibility that touches us as a business sector at this momentous moment for the country and, therefore, we renew our commitment to Argentina, where we have worked with passion for 75 years to create shared value with society.”
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