US drinks giant Coca-Cola opened Thursday 22nda new production line for its bottling plant in Cairo. The plant employs around 12,600 workers.
The inauguration ceremony was in the presence of Egyptian Minister of Manpower Gamal Sorour and Salam El-Hammamy - President and Chief Operating Officer of Coca-Cola Bottling Company of Egypt.
Coca-Cola announced its commitment to invest US$500 million in Egypt within three years, during the Economic Development Conference held in Sharm El-Sheikh last March. The investment will fund new manufacturing, distribution, sales and marketing capabilities, which will include the opening of a new bottling facility in 6th of October City in 2016, while creating additional employment opportunities.
Coca-Cola exports 70 percent of its production in Egypt; while 30 percent is for domestic use, said Curt Ferguson, president of the company in the Middle East and North Africa, during a Euromoney conference held in Cairo in September 2015.