Coca-Cola launches $120m plant for 2014 Winter OlympicsSeptember 26, 2011 - 14:38 AMT PanARMENIAN.Net - The Coca-Cola Company has launched a $120 million plant in south Russia to supply non-alcoholic beverages for the 2014 Winter Olympic Games in Russia's Black Sea resort city of Sochi, the company said on Monday, September 26. The plant, some 20 km from Rostov-on-Don, which will be the company's fifteenth production facility in Russia, will have a capacity of 450 million decaliters of non-alcoholic beverages a year, the company said in a statement. "Our system is part of the fabric of Russia's economic development and we continue to invest in Russia to create jobs and stimulate growth across our supply chain. Today's announcement underscores the Coca-Cola system's long-term strategy of investing in Russia," Coca-cola Chairman and CEO Muhtar Kent was quoted in the statement as saying. The Coca-Cola Company along with its bottling partner, Coca-Cola Hellenic, will invest in Russia more than $3 billion from 2012 to 2016, Kent also said, RIA Novosti reported.   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Related sections Latest news Opposition motorcade en route to Gyumri for large rally  A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”.Prosecutors to appeal Armenia ex-President’s acquittal Sargsyan was acquitted on Friday, May 31 more than four years after going on trial on corruption charges. |
