International Beverages Private Limited, a division of The Coca Cola Company, inaugurated a new plant in Bangladesh as part of a planned $74 million investment in the country on January 18. Coca-Cola previously announced investments in Bangladesh of $74 million through 2020. Additional investments have supported infrastructure improvements, route-to-market enhancements and marketing programs.
The Bhaluka plant, which began operations in December, will initially run two lines producing Coca-Cola, Diet Coke, Fanta, Sprite and Kinley water. The facility will employ more than 150 people and create approximately 1,000 additional indirect jobs through industries throughout Coke’s value chain, from transportation and manufacturing to packaging supply.
“Bangladesh is fast emerging as one of the world’s most important growth markets, and this plant allows for us to meet the demands of this market while creating value,” said Irial Finan, president, Bottling Investments Group (BIG), The Coca-Cola Company.
The new $60 million plant in Bhaluka represents the company’s continued commitment to both the long-term growth of its business and the sustainable development of local communities in Bangladesh, according to the company.
Photo: A delegation including Bangladesh Finance Minister A.M.A. Muhith and U.S. Ambassador to Bangladesh Marcia Bernicat celebrate the grand opening of Coca-Cola’s newest plant in Bangladesh.