Coca-Cola Announces $1 Billion Investment To Boost Operations In South Africa [Yahoo! Finance]
COCA COLA HBC UNSP/ADR (CCHGY)
NASDAQ:AMEX Investor Relations:
coca-colahellenic.com/en/investors
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Source: Yahoo! Finance
The company plans to invest through 2030 to expand production, strengthen distribution, boost innovation, and attract new investment in the region. Luis Felipe Avellar, president of The Coca-Cola Company's Africa operating unit, announced the news at the sixth South Africa Investment Conference (SAIC) in Johannesburg. “Our R17.6 billion investment reflects our strong belief in South Africa's potential and our commitment to growing alongside the communities we serve. We hire locally, produce locally, distribute locally and, where possible, source locally, helping to build a stronger, more integrated economy in South Africa,” Avellar said. Findings from a study by consulting firm Steward Redqueen show that Coca-Cola and its subsidiaries contributed 1.2 billion rand to South Africa's economy in 2024. Additionally, the company supported over 87,00 jobs across various sectors, including retail, agriculture, and manufacturing. “We are optimistic about the future of South Africa, wi
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