CCI Pakistan announces USD 50 million investment for 7thProduction Plant
Coca-Cola Beverages Pakistan Limited (CCI Pakistan) has announced to invest US$50 million in a greenfield plant to be set up in the Haripur district of Khyber Pakhtunkhwa in Pakistan.
This will be CCI’s seventh production facility in the country. The construction of this new state-of-the art plant site is scheduled for completion by the first quarter of 2022. It will mainly cater to the beverage needs of northern Pakistan.
CCI Pakistan announced the development after a meeting of the delegation led by GM Ahmet Kursad Ertin with Prime Minister Imran Khan on June 16.
During the meeting, Ahmet Kursad Ertin introduced the company as a leading member of the Pakistan-Turkey Business Council and one of the largest private Turkish investors in Pakistan, which is paving the way for other Turkish investors.
“The proposed project will not only bring major investment to the region but also create direct and indirect employment opportunities and revenue generation for the Government as well as for third party suppliers, vendors and distributors” Coca Cola said.
CCI Pakistan’s value chain adds a staggering PKR 865 billion income to the country’s GDP annually – which is about 1.95 percent of the national GDP.
Turkish Ambassador to Pakistan Ihsan Mustafa Yurdakul accompanied the CCI Pakistan delegation. Other attenedees included Syed Omar, Director Public Affairs and Communications and Mr. Basit Pirzada, Public Affairs Manager. Government officials present at the meeting included Federal Minister Industries and Production, Advisor Commerce and Investment, Federal Secretary Board of Investment and Chairman Federal Board of Revenue (FBR).
CCI, mainly owned by Anadolu Group, is one of Turkey’s leading industrial conglomerate. It is a multinational beverage company operating in 10 countries with 26 plants.
CCI Pakistan produces, distributes, and sells sparkling and still beverages of The Coca-Cola Company in Pakistan. It currently serves a consumer base of 208 million with 6 productions plants and a workforce of 2,500 employees across Pakistan.