Coca-Cola European Partners (CCEP), an independent Coca-Cola bottler, has announced plans to invest €120 million ($148 million) in Portugal over the next five years.
Announcing the news as part of 40 year commemorations of Coca-Cola’s presence in Portugal, CCEP country manager Rui Serpa said the money would be invested in launching new products “in line with Portuguese consumer trends” such as low-sugar beverages and organic products, as well as the installation of eight production lines at the firm’s Azeitao factory with the aim of reducing environmental impacts.
Coca-Cola currently markets 49 products under 12 brands in Portugal. Azeitao is the firm’s only production site in the country and currently operates two glass and two PET filling lines, supplying the majority of Coca-Cola products consumed in Portugal.
Source: CCEP/ Hipersuper