Coca-Cola eyes US$8 billion value from Coca-Cola Beverages Africa public listing

SOUTH AFRICA – The Coca-Cola Company is gearing closer to finalizing plans of listing its largest bottler in Africa, Coca-Cola Beverages Africa (CCBA), as a publicly traded entity. According to reports by Bloomberg, talks are ongoing and the final timing and size of the IPO will depend on the investors’ appetite and market conditions. The soft beverage giant is seeking a value of R120 billion (US$8 billion) for Coca-Cola Beverages Africa when it lists the bottler in 2022, according to people familiar with the matter. To facilitate the process, Coca-Cola…

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CCBSA continues to contribute to circular economy through plastic waste collection drives

SOUTH AFRICA – In line with its World Without Waste Vision 2030 agenda, the Coca-Cola Beverages South Africa (CCBSA) has partnered with Matongoni Recycling Group to undertake a plastic waste collection and recycling initiative in rural communities of Limpopo Province. The beverage giant targets to collect and recycle the equivalent of every bottle it sells, and reach 50% recycled content of all its packaging by 2030 globally. Under the recently launched project, Coca-Cola will provide the much-needed boost to the collection of polyethylene terephthalate (PET) plastic bottles by availing a…

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Coca-Cola HBC expands coffee chain portfolio with acquisition of minority stake in Caffè Vergnano

ITALY – Swiss-based Coca-Cola anchor bottler Coca-Cola HBC has completed the acquisition of a 30% equity shareholding in premium Italian coffee company Casa del Caffè Vergnano, further expanding its presence in the coffee chain space.    Caffè Vergnano is one of the oldest coffee roasters in Italy with a premium, high-quality coffee that represents Italian heritage and authenticity.   The coffee chain’s portfolio includes traditional espresso in various blends, packages, and formats such as beans, roast, and ground coffee and single portioned pods.   According to a statement from Coca-Cola HBC,  the company sold approx. 7,000 tons of coffee in more than 90…

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Coca-Cola HBC pledges net-zero emissions by 2040, announces US$289m investment in emission reduction initiatives

SWITZERLAND – Coca-Cola Hellenic Bottling Company, the third-largest Coca-Cola anchor bottler in the world, has made a commitment to reduce emissions to net-zero across its entire value chain by 2040.  To achieve this goal, the Zug, Switzerland-based bottler has committed to invest €250m ($289m) in emissions reduction initiatives by 2025.   Part of the funds will go towards facilitating the company’s transition to 100% renewable electricity and low carbon energy sources.   Coca-Cola HBC also plans to invest in continuous improvements and innovations in energy efficiency to further reduce the carbon footprint…

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Coca-Cola System celebrates 70 years in Nigeria, earmarks US$1 billion investment in next 5 years

NIGERIA – Boasting of having 8 manufacturing plants, over 7,000 dealers, skilled and dedicated employees, and a sophisticated distribution system across Nigeria, there is practically no community in Nigeria where a cold bottle of Coca-Cola is not within the close reach of consumers. Marking 70 years of existence in the West African country since 1951, through its bottling arm Nigerian Bottling Company (NBC) Limited and Coca-Cola Nigeria Ltd, the Coca-Cola System has kicked off its platinum jubilee celebration with a raft of activities lined up to run all through the…

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Coca-Cola scores highest on sustainable packaging in 2021 Corporate Plastic Pollution Scorecard

USA – US multinational beverage giant Coca-Cola has emerged as the consumer-packaged goods company with the most sustainable packaging portfolio in the 2021 Corporate Plastic Pollution Scorecard.  The scorecard by nonprofit As You Sow reviewed 50 consumer-facing companies, grading them on a number of factors including their packaging design, the amount of recycled content in their packaging, and their financial support of recycling efforts.  The maker of Sprite and Fanta CSD brands scored “B” from the nonprofit for its transparency around its packaging use, strong commitment to recycling, and its support of producer responsibility initiatives.  Coca-Cola…

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Coca-cola unveils first global campaign in 5 years to recapture interest of consumers

USA – Atlanta-based multinational beverage company Coca-Cola has launched its first global campaign in five years with the hope of recapturing the interest of consumers recovering from a pandemic.  Dubbed “Real Magic”, the new campaign refreshes the brand’s trademark promise – to unite and uplift people every day – with renewed relevance for the world we live in today.   “The platform is built from lessons of the last 18 months: that we can find magic all around us when we come together in unexpected moments that elevate the everyday into the extraordinary,” Coca-Cola…

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Chi Limited taps into expertise of dairy industry veteran Eelco Weber to lead company

NIGERIA – Chi Limited, Nigeria’s leading fruit juice, drinking yoghurt, evaporated milk, and snacks manufacturing company, has appointed Eelco Weber as its new Managing Director. Eelco has had a long and illustrious career in the food industry and mostly in the dairy sector, serving companies such as Nutricia, Danone, Nutricima, Bio Food Products and Ma Cuisine Limited. At Nutricia, a division of Danone that specialises in therapeutic food and clinical nutrition, Eelco held different senior position roles, serving as Project Manager, General Manager of Sales and Commercial Director both in…

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Leading food industry players Coca-Cola, Heineken, UBL support vaccination efforts in Africa

UGANDA – In an effort to provide a boost to government’s vaccination efforts, Uganda Breweries Limited, Coca-Cola Beverages Africa in Uganda, and the Private Sector Foundation of Uganda, have partnered with Kampala City Council Authority (KCCA) and the Ministry of Health to speed up COVID-19 Vaccination and open up the economy. The private sector players launched a rejuvenated COVID-19 vaccination drive that will increase the number of vaccination points in the Kampala Metropolitan Area for more people to get access to the available vaccines. Under the initiative, UBL, Coca-Cola, and…

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CCBA’s Ghanaian unit Voltic Limited names Flora Jika as new Managing Director

GHANA – Voltic Ghana, a subsidiary of Coca-Cola Beverages Africa (CCBA) has appointed Flora Jika, as its new Managing Director. According to the parent company, Flora will take up the leadership position at the end of December 2021. Taking over the helm of the soft-beverage manufacturing and distributing entity, she succeeds Simon Everest who’ll be retiring in December after 20 years with The Coca-Cola Company family. Flora joins Voltic Ghana from Coca-Cola Beverages South Africa (CCBSA) where she is the current Logistics Director. She hails from a mining engineering background,…

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