logo
Coca-Cola inaugurates new $31.5 mln production line in Egypt - Markets & Companies

Coca-Cola inaugurates new $31.5 mln production line in Egypt - Markets & Companies

Al-Ahram Weekly28-01-2025

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.
Short link:

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India plans to import fruits, fertilizers, manufactured goods from Egypt: Indian ambassador.
India plans to import fruits, fertilizers, manufactured goods from Egypt: Indian ambassador.

Egypt Today

time11 hours ago

  • Egypt Today

India plans to import fruits, fertilizers, manufactured goods from Egypt: Indian ambassador.

Indian ambassador Suresh K. Reddy CAIRO - 9 June 2025: India looks forward to boosting Egyptian exports to the Indian market, including citrus fruits, lemons, fertilizers, manufactured goods, and many other products, ambassador Suresh K. Reddy said Sunday. In an interview with Cairo News T.V. Channel, the Indian ambassador to Cairo said India has already invested more than $4 billion in Egypt, and Indian companies have contributed to creating more than 38,000 job opportunities. Reddy highlighted that India has become the fourth largest economy in the world and is working on major renewable energy projects. Once completed, Indian investments in Egypt are expected to increase by an additional $10 billion.

OPEN// Egypt, Nigeria FMs discuss economic ties and African security
OPEN// Egypt, Nigeria FMs discuss economic ties and African security

Middle East

time17 hours ago

  • Middle East

OPEN// Egypt, Nigeria FMs discuss economic ties and African security

CAIRO, June 7 (MENA) – Foreign Affairs, Emigration and Expatriates Minister Badr Abdelatty praised the strong ties and historical relationship between Egypt and Nigeria, highlighting a shared commitment to building on existing opportunities to advance cooperation—particularly in economic, trade, and investment sectors, with a focus on agriculture. During a phone call on Saturday with Nigerian Foreign Minister Yusuf Tuggar, Abdelatty pointed to the significant presence of Egyptian companies across Africa and voiced interest in exploring new joint investment opportunities that offer mutual benefit. The two ministers exchanged views on developments across the African continent and discussed ways to deepen cooperation and coordinate positions within the African Union to strengthen peace and security—especially in the Sahel region. Abdelatty reaffirmed Egypt's readiness to support efforts to counter terrorism and extremism in light of security threats in the Sahel. He also emphasized Egypt's commitment to supporting Nigeria through capacity-building programs, including cooperation with Al-Azhar in combating extremist ideologies. The conversation also included an exchange of perspectives on Middle East developments, particularly the situation in Gaza. Abdelatty briefed his Nigerian counterpart on Egypt's ongoing efforts to broker a ceasefire and ensure the delivery of humanitarian aid, while condemning Israel's continued violations of international law and international humanitarian law and its actions against Palestinian civilians, which he said run counter to global calls for an immediate end to the war and unimpeded humanitarian access. (MENA) R E E/

Egypt & Turkey Discuss Gaza, Libya, Bilateral Ties
Egypt & Turkey Discuss Gaza, Libya, Bilateral Ties

See - Sada Elbalad

time20 hours ago

  • See - Sada Elbalad

Egypt & Turkey Discuss Gaza, Libya, Bilateral Ties

By Ahmad El-Assasy Egyptian Foreign Minister Dr. Badr Abdel Aaty held a phone call on Sunday, June 8, with his Turkish counterpart, Hakan Fidan, as part of ongoing efforts to enhance Egypt-Turkey relations and coordinate on regional developments, particularly in the Middle East. During the conversation, Minister Abdel Aaty praised the positive momentum in bilateral relations, especially following recent high-level visits. He expressed Egypt's eagerness to strengthen cooperation with Turkey, particularly in economic, investment, and trade sectors, citing the vast potential in both friendly nations. The two top diplomats also reviewed the latest developments in the Middle East, focusing on the worsening humanitarian crisis in Gaza amid Israel's continued military aggression. Minister Abdel Aaty briefed Minister Fidan on Egypt's diplomatic efforts to reach a ceasefire, secure the release of hostages and detainees, and ensure the flow of humanitarian, medical, and relief aid into the Gaza Strip. The call also included an exchange of views on Libya in light of recent events in Tripoli. Abdel Aaty reiterated Egypt's firm stance on preserving Libya's unity and territorial integrity and reaffirmed that the political process must remain solely in the hands of the Libyan people. He emphasized the urgent need to hold simultaneous presidential and parliamentary elections as soon as possible to restore stability in the war-torn country. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store