Coca-Cola inaugurates new $31.5 mln production line in Egypt - Markets & Companies
Coca-Cola has officially launched a new production line at its Sadat City factory, backed by a $31.5 million investment.
Up to 95 percent of the project's components will be sourced locally, according to a statement released by the Ministry of Industry and Transport on Tuesday.
Deputy Prime Minister for Industrial Development Kamel El-Wazir highlighted that the new production line is the fastest and most advanced in the Middle East and one of the most efficient among Coca-Cola Hellenic's global facilities.
The line has a maximum output of 120,000 cans per hour and an annual capacity of 172 million litres. El-Wazir said it will significantly boost the company's operations in Egypt.
El-Wazir further called on Zoran Bogdanovic, CEO of Coca-Cola Hellenic, to consider expanding the factory's operations with new production lines to increase exports and collaborate with the Egyptian government on training local workers.
This call aligns with Egypt's target to raise exports to $145 billion by 2030, he added.
He suggested that training programs could be offered at El-Sewedy Academy or even through a dedicated school under Coca-Cola Hellenic to prepare qualified employees for the company's operations in Egypt and globally.
Bogdanovic expressed his satisfaction with the new facility, emphasising Egypt's potential as a promising investment destination.
He also noted that the Sadat City factory is one of the company's largest, with a strong reliance on solar energy.
The factory currently provides 300 job opportunities and receives robust support from the Egyptian government.
Additionally, he said that Coca-Cola Hellenic recently launched a digital services centre that exports technological services to 27 international markets, creating an additional 450 jobs.
In press statements during the opening event, El-Wazir described the Sadat City factory as a successful industrial model for Egypt.
The factory spans 82,000 square meters and has an annual production capacity of 720 million litres.
El-Wazir mentioned that while most of the production is aimed at the local market, the company plans to expand exports to Arab countries shortly.
He expressed confidence in Egypt's industrial prospects, assuring local and international manufacturers that the Ministry of Industry is committed to supporting struggling factories by offering 15 percent funding for priority industrial sectors to purchase production lines.
Founded in 1886, Coca-Cola has evolved into a global beverage giant, serving over 2.2 billion drinks daily in more than 200 countries.
Coca-Cola continues to focus on sustainability, innovation, and creating economic opportunities worldwide.
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