Coca-Cola is set to invest $1.3 billion in Chile over the next five years, the Atlanta-based company said Friday.
Part of that investment, which begins this year and ends in 2016, includes this past Thursday’s opening of a new $200 million Coca-Cola Andina bottling plant in Renca, the beverage giant said. The facility houses 10 production lines and 90 percent of the materials used for the building’s construction are recyclable.
Coca-Cola said the Chile investment also includes “sustainability initiatives to return water back to nature, reduce the use of energy in production, develop recycling programs and promote physical activity.”
Coca-Cola Chairman and Chief Executive Officer Muhtar Kent said, “The Coca-Cola Company and our bottling partners share a deep commitment to the continued development of Chile. 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 sustainably.”