Coca-Cola to invest $1.3bn in Chile by 2016
The Coca-Cola Company plans to invest $1.3bn in Chile over the next five years to 2016, as part of the company’s strategy to further expand presence in South America.
Under the strategy, the beverage giant has already built a new $200m Coca-Cola Andina bottling plant in Renca in Santiago Province.
The 243,000m² Andina plant houses ten production lines, which can be expanded to 12.
Coca-Cola chairman and CEO Muhtar Kent, at the inauguration of the bottling facility, said that the company is committed to help thousands of small- and medium-size entrepreneurs across the country to grow their businesses.
The Coca-Cola system's local investment in Chile is also dedicated to return water back to nature, reduce the use of energy in production, develop recycling programs and promote physical activity.
Executive vice president Miguel Angel Peirano said: "We are very pleased to have obtained LEED certification that sets international standards of quality in the use of soil, water, energy, indoor air quality, the use of building materials and innovation in architectural design."
The franchises of Andina currently cover territories in Argentina, Brazil, Chile and Paraguay, and serve approximately 240,000 customers.