The Coca-Cola Company announced creation of a new Division encompassing Russia, Ukraine and Belarus

The Coca-Cola Company announced the creation of a new Division encompassing Russia, Ukraine and Belarus. This new Division will be headquartered in Moscow according to information distributed by Coca-Cola, according to the Action Ukraine Report.

"It is a region with a vibrant nonalcoholic beverage market, where we compete successfully and see great growth potential, as evidenced by recent acquisition of the Multon juice business" - says Muhtar Kent, President and COO North Asia, Eurasia and Middle East Group of The Coca-Cola Company. The Coca-Cola system has invested over $270 million in Ukraine. All Coca-Cola beverages are produced locally, at the bottling plant in the Kyiv oblast, which is one the most modern plants in Europe.