Mongolia Business and Mongolian Daily Business News

www.bizjournals.com writes that,

The Coca-Cola Co. opened a new $22 million bottling plant in Ulaanbaatar, Mongolia on Aug. 24.

The plant is the second in Mongolia and the largest. The first was built in 2001 by MCS Coca-Cola, which is the sole Coke products bottler in Mongolia.

“I’m delighted to see MCS Coca-Cola continue to exceed all projections in sales volume and profit,” said Muhtar Kent, president and CEO of Coca-Cola, in a prepared statement. “By posting an average annual volume growth of nearly 50 percent year on year, the Mongolian business has established itself as one of the strongest performing operations globally. I am also delighted to see that the leadership of MCS Coca-Cola has continuously demonstrated its commitment to invest in the development of its people and manufacturing facilities, critical to ensure continued future growth of the Coca-Cola business in Mongolia.”

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