Coca Cola biggest non-oil investor in Azerbaijan (UPDATE)
BAKU - Coca Cola has become the biggest investor in Azerbaijan’s non-oil industry, with its total investments reaching $100 million, the company’s executives said.
Having operated in the domestic market for over 15 years, the Coca-Cola Icecek Company is the leading company in Azerbaijan’s beverages industry.
General Director Lisani Atasayan praised the company's activities at the opening ceremony of a new production line in Baku last Friday. The event, attended by the Turkish Foreign Trade Minister Zafer Chaglayan, marked the fifteenth anniversary of the opening of the first Coca-Cola factory in Baku.
"As one of the biggest taxpayers in Azerbaijan, Coca-Cola Bottlers has transferred $95m to the state budget," Atasayan said.
He added that the Baku factory is one of the leading Coca-Cola facilities among CIS countries.
"Our Baku factory has become a pioneer in Azerbaijan, receiving the ISO 14001, ISO 18001 and ISO 22001 certificates."
The Coca-Cola Icecek Company, established in 1994, holds 99.86 percent in Azerbaijan Coca-Cola Bottlers. The company, running 20 factories in Turkey, Pakistan, as well as in Central and eastern Asia countries, serves over 350 million customers.
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