Coca-Cola Announces $1.4 Billion Investment in Argentina
This investment is a strong vote of confidence for the Argentine government, as the company’s president emphasized their trust in the South American economy.
On Thursday, U.S. beverage giant The Coca-Cola Company met with Argentina’s President, Javier Milei, and announced a $1.4 billion investment in the country.
The investment aims to “strengthen production, optimize logistics, and improve infrastructure” over the next four years.
“Increasing investment is a key component of a comprehensive strategy to enhance production capacity in strategic locations across the country, ensuring modernized and efficient operations,” the company stated in an official release.
“We are committed to Argentina’s future,” reaffirmed John Murphy, President of The Coca-Cola Company, in a statement. “This investment not only strengthens our local operations but also reflects our confidence in the growth potential of the Argentine market and our key role as a driver of the country’s economy.”
Murphy was received at the Casa Rosada along with other executives, including Bruno Pietracci, President of the Latin America Operating Unit; Teodoro Kundig, General Manager of Coca-Cola FEMSA Argentina; and Pedro Massa, Vice President for the Southern Cone at The Coca-Cola Company.
Regarding the announcement, Leonardo García, General Manager of Coca-Cola for Argentina and Uruguay, stated: “With this investment, we reaffirm our commitment to Argentina’s economic development, contributing to job creation and the strengthening of the local industry.”
He also emphasized, “We continue to work closely with our bottling partners to promote sustainable, long-term growth in the country.”
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