International Beverages Private has inaugurated a new $60m plant in Bangladesh, which will run two lines producing Coca-Cola , Diet Coke, Fanta, Sprite, and Kinley water.

The plant will employ more than 150 people and create approximately 1,000 indirect jobs through industries throughout Coca-cola’s value chain from transportation and manufacturing to packaging supply.

The Coca-Cola Company Bottling Investments Group's (BIG) president Irial Finan said: “Bangladesh is fast emerging as one of the world's most important growth markets, and this plant allows for us to meet the demands of this market, while creating value.

“It is our hope that people view our presence as a representation of our strong belief in this country and optimism in creating a stronger future for our communities and businesses in this country.”

"Bangladesh is fast emerging as one of the world's most important growth markets."

Earlier, Coca-Cola announced investments in Bangladesh of $74m through 2020.

Further investments have supported infrastructure improvements, route-to-market enhancements, and marketing programmes.

The firm stated that the new $60m plant in Bhaluka represents its continued commitment to both the long-term growth of its business and the sustainable development of local communities in Bangladesh.   

Image: A delegation including Bangladesh Finance Minister A.M.A. Muhith and US Ambassador to Bangladesh Marcia Bernic at the inauguration ceremony of the new plant. Photo: courtesy of The Coca-Cola Company.