Today.Az » Business » Economy Ministry, Coca-Cola sign MoU for new plant construction
02 February 2021 [17:32] - Today.Az
By Azernews
By Ayya Lmahamad Coca-Cola will build a new plant in Azerbaijan. A relevant memorandum of understanding has been signed between Azerbaijan’s Economy Ministry and Azerbaijan Coca-Cola Bottlers LLC, the ministry’s press service reported on February 1. Under the agreement, Azerbaijan Coca-Cola Bottlers LLC will build a new production plant in one of the Ismayilli, Oghuz or Gabala regions. The factory will create over 100 jobs. The construction of the plant needs $30 million in investments, The ministry said that establishment of a new plant for the production of non-alcoholic beverages by Azerbaijan Coca-Cola Bottlers LLC is part of the measures to revitalize non-oil sector of the economy, protect jobs, implement stimulus projects and measures, encourage private investment as part of tasks to minimize the impact of a pandemic on the economy. Along with other measures to achieve specified goals, a number of projects are being implemented with the support of the Economy Ministry. Coca-Cola has been operating in Azerbaijan since 1996.
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