CORPORATE NEWS

Coke plans plant in Banská Bystrica

Coca Cola Amatil Slovakia Ltd. (CCAS), the Bratislava-based arm of the global soft drink production and bottling company, is looking to construst one of central and eastern Europe's largest soft drink plants in Banská Bystrica, company officials announced in a joint statement with the mayor's office in Banská Bystrica. CCAS started operations in Slovakia in January 1993 and began producing Coca Cola products in Lúka, near Piešťany, in April 1994. Currently, 90 percent of Coca Cola's soft drink repertoire on the Slovak market is produced at the Lúka plant.

CCAS's total direct investment in Slovakia will reach 1.3 billion Sk at the end of this year, according to the firm's management. Sales in the third quarter of this year, compared with the same period last year, have increased 6 percent worldwide, 1 percent in Europe, 18 percent in central and eastern European countries , and 40 percent in Slovakia. The company employs a total of 450 people.

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