View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 20, 2020

Coca-Cola eyes sustainability with €1bn French investment

The Coca-Cola Company is to invest €1bn in its French operations over the next five years to support sustainable development and transition towards a circular economy.

By Matthew Hall

The Coca-Cola Company is to invest €1bn in its French operations over the next five years to support sustainable development and transition towards a circular economy.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The investment is a joint plan between the Coca-Cola Company and Coca-Cola European Partners (CCEP), aimed at introducing new products to the French market as well as modernising and expanding CCEP’s manufacturing plants.

The Coca-Cola Company will invest €500m in France to support the development of its existing brands and introduce new products, while CCEP has set aside €500m to improve the sustainability and recyclability of its production and distribution network.

In a statement, the Coca-Cola Company said: “Additional investments across all five CCEP plants in France will enable the introduction of a higher quantity of recycled material in bottles and cans and the replacement of plastic by cardboard for secondary packaging.”

The company said these investments will “accelerate its transition to a circular economy” and that the changes to CCEP’s manufacturing network are in response to changing consumer preferences around sustainable packaging.

CCEP has invested €350m in strengthen its production and distribution network since 2013, and in 2019, it introduced a bottling line at its Dunkirk plant dedicated to glass bottles.

The move comes as part of Coca-Cola’s drive to reduce its plastic waste. In 2018, the company released a report into how it could reduce its contributions to global plastic waste, and targeted itself to produce 100% recyclable packaging by 2025.

In 2018, 88% of Coca-Cola product packaging was recyclable.

Coca-Cola chair and chief executive officer James Quincey said: “Coca-Cola has been part of France for a century, and our presence today includes more than 2,800 people who work for Coca-Cola in France, plus many more across our entire value chain.

“Today’s announcement shows continued commitment to France, helping to build the French economy and contributing to sustainable French communities for years to come.”

Packaging Gateway has approached European representatives of the Coca-Cola Company for comment.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway