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Coca-Cola Opens US$22 million New Plant in Mongolia

Jorge Olson

August 26, 2008

Sales of Coca-Cola Products in Mongolia increase 16 times in 6 years

ULAANBAATAR, Mongolia – A US$22 million green field Coca-Cola bottling plant was officially opened in Ulaanbaatar today by Muhtar Kent, President and CEO of The Coca-Cola Company and Odjargal Jambaljamts, Chairman & CEO, MCS Group. This new plant will be the second and largest Coca-Cola plant in Mongolia. The first Coca-Cola plant was built in 2001 by MCS Coca-Cola, the exclusive bottler of Coca-Cola products in the market.

The Coca-Cola system in Mongolia is also strongly committed to being a respected corporate citizen; an effort that is reflected by MCS Coca-Cola’s commitment to contributing to the Ulaanbaatar economy and population. With over 3,500 employees, the bottling company is a leading employer and top taxpaying private company in the city. The MNTT25.35 billion (US$22 million) that the company invested into the new site also created an influx of funds to bolster the local economy. International research indicates that for each job created directly by the Coca-Cola system additional 10 local jobs are created with suppliers and business partners.

Full Story: http://www.reuters.com/article/2008/08/24/idUS64281+24-Aug-2008+BW20080824

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