10/20/2008

Coca-Cola CEO states full confidence in Türkiye

Zaman - Coca-Cola Icecek CEO Michael A. O'Neill has said he believes Türkiye will escape the current global financial crisis with very few losses. Speaking at the annual general meeting of the European Council of American Chambers of Commerce (ECACC), hosted by the Turkish-American Business Association (TABA/AmCham), O'Neill asserted that Türkiye, a safe haven for investors, would overcome the crisis in a short period of time. O'Neill said Coca-Cola Icecek had already invested more than $500 million in Türkiye and that their investments will have amounted to $600 million with a new plant to be built in Elazig by the end of this year. He also noted that Coca-Cola increased its market share in Türkiye by 11% in the first half of this year. O'Neill added that they trusted Türkiye's potential, stressing that the markets around Türkiye were home to 500 million consumers. He said they have recently decided to control their operations in five countries in this region from Türkiye.
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