Logo of Phnom Penh Post newspaper Phnom Penh Post - Coca-Cola to expand factory

Coca-Cola to expand factory

Coca-Cola to expand factory

Coca-Cola plans to invest $100 million to expand its factory in Cambodia, as it reports its current sales have doubled.

The plan was revealed at a meeting between Prime Minister Hun Sen and Martin Jansen, regional director of the Coca-Cola Company’s Bottling Investments Group for China and Southeast Asia.

Eang Sophalleth, personal assistant to Hun Sen, quoted Jansen as saying he was “happy to do business here”. According to Sophalleth, Jansen informed Hun Sen his company had doubled within five years of operations here. From 2014 to 2018, Coca-Cola will invest another $100 million to expand its factory, he said. The company currently employs 650 staff, of whom 648 are Cambodian, and the investment is expected to add another 300.

In 2013, Coca Cola paid about $10 million in taxes to the government, and will pay around $12 million in 2014, Sophalleth said.

Hun Sen thanked Coca-Cola and said he supported further investment in Cambodia, according to Sophalleth.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,