Coca-Cola HBC will spend $35 million in the next 18 months adding a new production line and building warehouses at its plant in St. Petersburg, Interfax said.
Dimitrios Makavos, general director of the company's Russian unit, made the announcement at a conference on British investment in St. Petersburg, the news service said.
Athens-based HBC is 24 percent owned by Coca-Cola Co., the world's largest soft-drink maker. Coca-Cola and its Greek unit have linked to acquire three Eastern European juice and water companies this year, adding new products to reduce their dependence on sodas.
They paid $501 million this month for Russia's second-largest juice company, Multon.
News source: www.times.spb.ru
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Business news archive for 03 May' 2005.
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