Timing of Earnings Release and Investor Call Announced

Today we announced a new system investment of US$1.3 billion over five years in Chile.  The investment includes the opening of a new, state-of-the-art $300 million Coca-Cola Andina plant in Renca, Chile, which officially opened yesterday. The new plant houses 10 new production lines, which can be expanded to 12, featuring the latest in sustainable construction to optimize the use of energy, water and recyclable materials.

Coca-Cola has a proud 66-plus-year history in Chile and continues to invest in the country for the long-term.

The $1.3 billion system investment will go to support not only new infrastructure, equipment, technology and marketing, but also to sustainability initiatives that return water back to nature, reduce the use of energy in production, develop recycling programs and promote physical activity in Chile.

Our Chairman and CEO Muhtar Kent reflected on this commitment in yesterday’s opening event: “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 dedicating resources to innovation and productivity, creating jobs for Chileans, and helping thousands of small- and medium-sized entrepreneurs throughout the country to grow their businesses sustainably.”

The Coca-Cola system generates 5,000 direct jobs and 10,000 indirect jobs in Chile supporting 100,000 small- and medium-sized businesses.  Our Chile product portfolio features more than 30 brands and 400 products including sparkling beverages, low-calorie beverages, water, sports drinks, juices and functional beverages.

Learn more about this investment on Coca-Cola Journey.

Kent Landers is Group Media Relations Director at The Coca-Cola Company.