Coca-Cola System to Invest US$1.3 billion in Chile from 2012 to 2016
Investment Plan Announced During Opening of New State-of-the-Art Coca-Cola
Andina Bottling Plant in Renca, Chile
SANTIAGO, Chile -- November 16, 2012
The Coca-Cola Company has announced a new five-year system investment of
US$1.3 billion in Chile from 2012 to 2016, including $200 million recently
invested to construct a new Coca-Cola Andina bottling plant in Renca, which
officially opened yesterday.
Muhtar Kent, Chairman and CEO of The Coca-Cola Company, made the announcement
at the new plant alongside Felipe Larraín, Finance Minister of the Republic of
Chile, representatives of the Chilean Congress, and other private sector and
civil society representatives.
"The Coca-Cola Company and our bottling partners share a deep commitment to
the continued development of Chile,” Kent said. “For more than 66 years we
have contributed to the progress of the country and will continue to do so
with enthusiasm and conviction. We are devoting resources to innovation and
productivity, creating jobs for Chileans, and helping thousands of small- and
medium-size entrepreneurs throughout the country to grow their businesses
The Coca-Cola system’s local investment in Chile will not only be dedicated to
infrastructure, equipment, technology and marketing, but also to
sustainability initiatives to return water back to nature, reduce the use of
energy in production, develop recycling programs and promote physical
Coca-Cola Andina President Juan Claro expressed his pride for the fact that
the new Renca plant is the most modern in the Coca-Cola system in Latin
America and a model for the Coca-Cola system throughout the world.
"This new plant is aligned with the vision we have at Coca-Cola Andina to be a
benchmark of sustainability – a very attractive company with sustainable
development and innovation. We want to make a difference as a company that
cares about providing a quality work environment, cares about the environment,
contributes to the country and to the community, and focuses on efficiency in
the growth of our production, marketing and logistics," Claro said.
Executive Vice President of Coca-Cola Andina, Miguel Angel Peirano, also
emphasized the stringent environmental criteria under which the new plant was
built. "We are very pleased to have obtained LEED certification that sets
international standards of quality in the use of soil, water, energy, indoor
air quality, the use of building materials and innovation in architectural
design. It is a very challenging certification to be achieved in any part of
the world,” he said.
Located in the town of Renca, the new Coca-Cola Andina plant covers 243,000
square meters and houses 10 production lines, which can be expanded to 12.
Ninety percent of the building materials used in construction of the facility
can be recycled at the end of their life cycle. The plant’s design also
optimizes the use of water and energy.
About Coca-Cola Andina
Andina is currently among the 10 largest Coca-Cola bottlers in the world and
the second largest in South America. It began operations in 1946 and today its
franchises cover territories in Argentina, Brazil, Chile, and Paraguay, in
which it serves approximately 240,000 customers and a population of more than
47 million people. It is also the largest producer of soft drinks in Chile and
Argentina, and the second largest in Brazil. It is listed on the Santiago
Stock Exchange and on the New York Stock Exchange. For more information, visit
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company,
refreshing consumers with more than 500 sparkling and still brands. Led by
Coca-Cola, the world's most valuable brand, our Company's portfolio features
15 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero,
vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally,
we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and
juices and juice drinks. Through the world's largest beverage distribution
system, consumers in more than 200 countries enjoy our beverages at a rate of
1.8 billion servings a day. With an enduring commitment to building
sustainable communities, our Company is focused on initiatives that reduce our
environmental footprint, support active, healthy living, create a safe,
inclusive work environment for our associates, and enhance the economic
development of the communities where we operate. Together with our bottling
partners, we rank among the world's top 10 private employers with more than
700,000 system associates. For more information, visit
www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo or
visit our blog at www.coca-colablog.com.
The Coca-Cola Company
T +01 404.676.2683
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