Tuesday, March 16, 2010

Coca-Cola to invest RM1 billion in Malaysia

NILAI: Coca-Cola Co plans to invest RM1 billion in Malaysia over the next five years to further boost its growth in the South East Asian market.

Glenn Jordan, the company's Pacific Group president, said on Tuesday, March 16, the investment represented Coca-Cola's strong commitment to Malaysia and its consumers in delivering refreshing beverage choices, creating job opportunities and helping to build a better community.

The investment, which includes land and a facility to be built at the Enstek Industrial Park here, would see Coca-Cola Bottlers (Malaysia) Sdn Bhd taking over the bottling and distribution operations, once the existing franchise with its local partner expires.

"With the new plant we will be able to support our core brand of Coca Cola and Sprite in the coming years," Jordan said at the ground breaking ceremony for its eco-friendly bottling plant here today.

The ceremony was graced by Prime Minister Datuk Seri Najib Razak.

Jordan said the company would bring new beverages to Malaysian consumers in the coming month.

The new investment will directly create 600 to 800 new jobs at the bottling plant and is expected to create between 6,000 and 8,000 jobs with local suppliers.

It is also expected to benefit more than 100,000 retail customers in Malaysia.

The 123,024 sq m facility will be built on land purchased from TH PROPERTIES [], the developer of Enstek Industrial Park.

The new plant is expected to commence operations before end-2011. — Bernama

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