Coca-Cola: We See Huge Profits in Russia
Coca-Cola (NYSE:KO) plans to invest US $3 billion in their Russia (NYSE:RSX) operations over the next 5 years beginning in 2012. The funds will be used toward new partnerships, infrastructure, sustainability programs, and brand building.
“At present the Rostov region is among three Russian regions with the most comfortable business climate. Coca-Cola Hellenics investment exemplifies this trend. In addition to offering employment opportunities for the community, the Company provides a concrete example: it is profitable to open and do business here. As such, the Company benefits further economic growth of the Don region and the country on the whole,” stated Vasily Golubev as per the Business Wire.
Coca-Cola’s stock (NYSE:KO) is up 0.71% to $67.90 on the news. Shares are up 15.97% in the past 52 weeks. The stock has traded in a 52-week range between $58.23 and $71.77.