Coca-Cola, Bottler To Invest $3B In Russia
NEW YORK (AP) -- Coca-Cola Co. and Coca-Cola Hellenic Bottling Company SA, plan to invest $3 billion in Russia over the next five years as part of an ongoing push into emerging markets.
Coca-Cola, the world's largest soft drink maker, has been investing in emerging markets in order to expand its presence there. The Atlanta company gets about three-quarters of its revenue from overseas, with emerging markets among its fastest-growing components.
The $3 billion investment will occur from 2012 to 2016.
Coca-Cola and Coca-Cola Hellenic, the world's second-biggest Coke bottler, announced the investment during the opening of a new Coca-Cola plant in Russia's Rostov region.
Coca-Cola said Monday that it is working with its bottling partners to invest almost $30 billion over the next five years to support anticipated growth across the business.