The Coca-Cola Co. announces five-year investment in Kenya [Yahoo! Finance]
Coca-Cola Company (The) (KO)
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Source: Yahoo! Finance
Working together with local bottler Coca-Cola Beverages Africa (CCBA), the Dr Pepper owner said it plans to “grow its investment” in the country by “up to $175m”. The cash injection in this period will be contingent on the business hitting “its anticipated growth targets in the country”, the company said in a statement. Sunil Gupta, chief executive of CCBA said the investment looked to “[accelerate] Coca-Cola system's capacity and capability expansion over the next five years. Our decision to invest underscores our belief in the long-term potential of Kenya's economy”. Coca-Cola declined to disclose what specific areas of production the money will support. Just Drinks has also asked CBBA for comment. The Coca-Cola Co. and CCBA collectively have 10,000 employees in East Africa alone. They also work with more than 500,000 SMEs in the region. “Our value chain supports livelihoods for over a million people in distribution, sales and other roles,” Gupta added. “We source close
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Earnings
- 4/30/24 - Beat
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Sec Filings
- 6/14/24 - Form 144
- 6/13/24 - Form 4
- 6/11/24 - Form 144
- KO's page on the SEC website