RECORDER REPORT

FAISALABAD: Coca Cola Icecek (CCI) will establish a new high tech beverage unit in Faisalabad to cater to the growing demand of this region.

Tuncay Ozilhan Chairmen CCI visited Faisalabad and performed the groundbreaking ceremony of this plant in M3 industrial Estate here on Friday.

Mr. Brian Smith president CCI, Mian Muhammad Idrees Chairmen Faisalabad Industrial Estate and Management Company (FIEDMC) and other business tycoons were also present during this simple but impressive ceremony.

Mr. Tuncay Ozilhan Chairmen CCI in his brief address said that the CCI has 49% stakes in this international identity which is contributing to the development of global businesses for the last one century. He said that Coca Cola is a leading beverage company that has maintained its supremacy and popularity only because of its quality and unchallengeable Coca Cola taste across the world.

Mr. Brain Smith said that the Pakistan Turkish relations are very cordial and hence CCI decided to enter into the Pakistani market by purchasing Coca-Cola Beverages Pakistan for $77 million in 2008 and has increased the number of its factories to six with an investment of 500 million Dollars in this brotherly country.

Mian Muhammad Idrees Chairmen FIEDMC said that the investment climate has recorded a phenomenal improvement in Pakistan during last few years and the investment by CCI and other multinational players is a clear testimony of this fact. He said that FIEDMC is one of the largest and fully developed industrial Estates. “Improvement in economic situation has spurred the process of industrialization and approximately 30% of this industrial estate has been colonized. He thanked the Turkish investors and assured them the provision of best possible facilities for the early completion of this project.