Economic Reporter :
International Beverages Private Limited, a division of The Coca?Cola Company, on Wednesday officially inaugurated a new plant in Bhaluka in Mymenshing, as part of the Company’s $74 million investment in Bangladesh. The event was presided over by Finance Minister AMA Muhith and the United States Ambassador to Bangladesh, Marcia Bernicat attended by a number of guests consisting of local authorities, key partners, customers and employees, said a press release.
The Company’s investments in the country include $60 million for the new plant and other investments in infrastructure, route to market and marketing initiatives. This new facility in Bhaluka represents the Company’s continued commitment to long-term business development as well as the sustainable development of local societies in Bangladesh.
The plant, which commenced operations in December 2016, will initially run two lines, producing Coca-Cola, Fanta, Sprite and Kinley water. More than 150 people will be employed at the plant and approximately 1,000 more indirect jobs through industries involved in the entire value chain including transportation, manufacturing and packaging supply.
“Coca-Cola is one of the most popular brands in the world. Today’s a grand day, and I am here to express gratitude on behalf of the Government of Bangladesh to Coca-Cola for inaugurating their first factory in the country, said Finance Minister Abul Maal Abdul Muhit, MP.
