The Bulgarian unit of Coca-Cola Hellenic Bottling (HBC) announced it will invest 20 million euro by the end of 2018 to expand its factory operations located 15 km away from Sofia, in Kostinbrod. The company plans to make a water main to the town in order to improve the factory’s working process and its production capacity. Svetoslav Atanasov. CEO of Coca-Cola HBC Bulgaria said in a statement that the investment will increase the working capacity by 30%.
The investment comes shortly after the company made the decision to relocate all its Finance and HR working places from Weimar, Germany to Bulgaria. The conglomerate celebrates its 25th Anniversary on the Bulgarian market, but the soft drink has been manufactured in Bulgaria since 1965, being the first communist country to produce Coca-Cola. Last year the company released Bulgarian embroidery design for one of its bottle collections. The 750 ml glass bottle is fully designed by the Bulgarian team of the company and the production of cyrillic bottles range of the soft drink is a complete precedent.
The HBC investment for the 25 years of presence on the local market is close to 550 million euro. Currently the company employs some 2000 people. Annually, Coca-Cola HBC produces over 320 million liters in its factory near Sofia. The aim of the new investment is to make the Sofia-based manufacturing plant a regional center and to export production to other countries in the region and to more distant countries.