Support The Moscow Times!

Coca-Cola in Tashkent

TASHKENT, Uzbekistan -- A Coca-Cola joint venture has opened am operation in Uzbekistan to produce and sell an initial 10 million liters (2.2 million gallons) of soft drinks annually, officials said.


Neville Isdell, a senior vice president of the U.S.-based group, told a news conference the new plant marked the beginning of the firm's push into this former Soviet republic of 22 million people.


The new company, Coca-Cola Bottlers Tashkent Ltd, is capitalized at $5.5 million with equal investments from The Coca-Cola Co. of the United States, the U.S-based Roz Trading Ltd and Uzpishprom, an Uzbek state enterprise.


"Very clearly we are in a situation here where the climate for investment is very rapidly improving," Isdell said. "This means that this is really the first step along the road. We'll see further steps."

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more