Coca-Cola to increase share of Russian feedstock in juice production at Russian plants to 40% by 2021
MOSCOW. Nov 30 (Interfax) - Coca-Cola is planning to increase the share of Russian feedstock in the production of juices in Russia from a current 11.8% to 40% by 2021, CEO of Coca-Cola Hellenic Bottling Company in Russia Stefanos Vafidis told journalists on Thursday.
"Current feedstock purchases in Russia [for juice production] are 11.8%. The plan for the next few years, 2020-2021, is ambitious: to boost the share of locally sourced feedstock to 40%," he said.
Vafidis said that this does not concern exotic feedstock but "ordinary" feedstock, which the company can buy in Russia: apples, peaches, berries and tomatoes.
The company is planning to increase the share of Russian feedstock to 100% in the long-term, including only fruit and vegetables suitable for cultivation in Russia.