Coca-Cola İçecek intends to install $50m beverage plant in KP

By Staff Reporter
Friday – June 11, 2021
ISLAMABAD: A delegation of Coca-Cola İçecek briefed the prime minister (PM) Imran Khan, on Thursday, about their upcoming $50 million beverage plant project in Haripur of Khyber Pakhtunkhwa (KP) and informed that the foundation stone will be laid at earliest.

According to a press release, the Coca-Cola İçecek delegation called on the premier in the federal capital.

The new plant will create direct and indirect employment opportunities for the local population, create profit potential for the ancillary industries and increase the revenue of the government of Pakistan (GoP).

The delegation also presented a report to the PM on the socio-economic impact of Coca-Cola İçecek’s investment in the country.

The Coca-Cola İçecek delegation thanked PM Khan for facilitating the investment of the company.

The delegation briefed the PM on Coca-Cola company’s investment in the country and plans to further expand the investment in future.

PM Khan encouraged Coca-Cola İçecek to invest and appreciated the company’s proposed investment in KP.

Noting the bright investment prospects for international investors, the PM said that the investor-friendly policies of the incumbent regime have restored the confidence of international investment companies.

As a result of profitable investments in various sectors, the potential for economic growth and employment is brightening.

The delegation included Coca-Cola İçecek Pakistan general manager (GM) Ahmet Karsad Artan, Coca-Cola Pakistan director and corporate affairs manager.

The meeting was also attended by Turkish Ambassador to Pakistan Ehsan Mustafa Yerdkal, industry minister Khosrow Bakhtiar, advisor to the PM Abdul Razzaq Daud.

Separately, according to a press release, Coca-Cola İçecek Pakistan GM Artan said that his company has invested $500 million in the last few years and is operating 6 plants countrywide.