TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Coca-Cola to invest US$63 million in Surabaya
Change Size
Two workers keep an eye on bottled coke at Coca Cola Amatil Indonesia's Cikedokan plant in Bekasi, West Java, on March 31. (The Jakarta Post/-)
C
oca-Cola Amatil Indonesia will soon operate a mega distribution center worth US$63 million (Rp 819 billion) in Surabaya. As the most populous country in Southeast Asia, Indonesia has become one of Coca-Cola Amatil’s largest markets.
It will be the fourth mega distribution center operated by the subsidiary of Australian-based Coca-Cola Amatil after the Cibitung, Medan and Semarang mega distribution centers.
"The center will start operating in the fourth quarter of this year," President Director Kadir Gunduz said as quoted by Tempo.co on Friday after meeting with the industry minister in Jakarta.
The total investment of Coca-Cola Amatil Indonesia surpasses $1.5 billion. Recently, the company injected $500 million of capital into Indonesia.
Based on a 2015 financial report from Coca-Cola Amatil Ltd (Australia) on non-alcoholic beverages, sales in Indonesia -- along with Papua New Guinea -- reached $774.13 million, or 19.8 percent of the $3.91 billion booked by the company. Sales grew 8.77 percent compared to 2014.
"Indonesian business delivered solid volume growth and strong market share gains. Economic growth, however, has slowed in Indonesia, which is impacting overall consumer purchasing power," Coca-Cola Amatil group managing director Alison Watkins said.
Meanwhile, sales in Australia reached $2.7 billion. Sales in New Zealand and Fiji contributed 68.46 percent and 11.72 percent, respectively, to total sales. (ahs/ags)
