Boston, MA 06/19/2014 (wallstreetpr) – The Coca-Cola Company (NYSE:KO) is looking forward to establish its company start its production at Egypt and Pakistan. It is documented that the company will start 5 production factories at these locations, and this is expected to be completed within 18 months.
Coca-Cola in Egypt
The North African as well as of Pakistan’s president of The Coca-Cola Company (NYSE:KO), were in unanimous determination that these new establishments will take the company to a double digit growth in its sales. Egypt will be privileged to be an orientation for the beverage manufacturer which can prove in its rescue from the economic as well as political mayhem. This will stabilize the GDP of the country which was in economic deficit the previous year. Egypt’s irrational growth of population which was a bane will now be a boon for its development and progression.
A plot over the link between Cairo and Alexandria is under surveillance for its investment of whooping $500 million which will be spent over the next 3 years in a joint venture project of $100 million with Saudi Arabia’s Aujan Coca-Cola beverage company. The functional Cairo plant exports about 30% of its production and this magnitude is expected to be multiplied twice within the end of third year.
Coca-Cola in Pakistan
Karachi, Multan and Islamabad will witness the construction of three new plants respectively in the next 18 months and will serve beverages covering the parts of Pakistan. The plants are anticipated to supply its products with the growing demands over the years and an assured increase in sales of about 20% is forecasted. Low tax rates over this government will surely up shoot the sales in this region.
Other areas of interests
Beyond these above mentioned expansion of The Coca-Cola Company (NYSE:KO), the American beverage distiller has already commenced its construction of its plant in Qatar with an investment of about $40 million. This project is expected to meet the soaring demand of carbonated drinks in the 2022 soccer world cup. Similarly the company also has invested $20 million in purchase of a plot for its bottling factory.
