Coca-Cola invests over US$300 million in Angola

20 June 2012

The Coca-Cola Company has so far invested over US$300 million in Angola over the 15 years it has had an industrial and commercial presence in the market, the company’s representative in Angola, Artur Miranda said Monday in Luanda.

Speaking to Angolan news agency Angop, Miranda said that the funding had been used to build five factories (two in Luanda and one each in the provinces of Huambo, Benguela and Huila) and in social responsibility activities, as well as training staff.

The company’s representative said that one of Coca-Cola’s most important investments in Angola had been construction of its latest factory, which opened in 2010 in Fund and cost US$120 million.

Miranda said that the new factory had led to the company manufacturing an average 800 million litres of soft drinks per year.

The Coca-Cola Company is the world’s largest drinks maker and owns 500 brands including Coca-Cola, Fanta, and Sprite. (macauhub)