19:12 GMT +3 hours26 November 2014
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Coca-Cola to invest $1 billion in beverage production in Russia in 5 years

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The world's largest soft drink producer Coca-Cola plans to invest some $1 billion in developing its production in Russia, the president of the company's Russia, Ukraine & Belarus Business Unit said on Wednesday.

The world's largest soft drink producer Coca-Cola plans to invest some $1 billion in developing its production in Russia, the president of the company's Russia, Ukraine & Belarus Business Unit said on Wednesday.

Zoran Vucinic also said at an international forum in the city of Nizhny Novgorod on the Volga that by 2020 Coca-Cola is to double the volume of its business in Russia.

Nizhny Novgorod has hosted a Coca-Cola drink plant since 1996.

Coca-Cola, based in Atlanta, Georgia, sells its products in over 200 countries. The company entered the market of the Soviet Union in the late 1980s. In 2009, the company said it intended to expand its business in Russia.

NIZHNY NOVGOROD, October 27 (RIA Novosti)