Coca-Cola plans to invest $140m in Mozambique, foray into Tajikistan
Global beverage giant Coca-Cola plans to invest $140m in Mozambique in 2013 and is set to foray into Tajikistan with an initial investment of $30m.
Of the total investment in Mozambique, $20m will be used to set up a new production line for soft drinks in plastic bottles at the Chimoio factory.
Coca-Cola (Moçambique) CEO Simon Everest was quoted by macauhub as saying to news agency AIM that $120m will be used to establish a new soft drinks facility in the Matola-Gare neighborhood in Maputo province starting in 2013.
With this investment, Coca-Cola (Moçambique) aims to double the production of soft drinks in the country.
Coca-Cola has signed a memorandum of cooperation with Tajikistan's State Investment Committee to foray into the republic with $30m investment and double it over the next decade, reported RIA Novosti.
The beverage major, which currently exports its drinks to Tajikistan, plans to bottle carbonated soft drinks in the Central Asian country.
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