Coca-Cola (NYSE:KO) has partnered with JBF Industries to set up a production facility in Brazil.
Coca-Cola Signs Brazil Production Deal
Coca-Cola (NYSE:KO) announced that it has partnered with JBF Industries in an effort to increase the production of its PlantBottle TM packaging material.
JBF industries will set up a new bio-glycol production facility in Brazil. Bio-glycol is the key ingredient of PlantBottle packaging and it will be produced using locally sourced sugarcane and sugarcane processing waste.
Coca-Cola (NYSE:KO) vice president Ronald J. Lewis said, “The benefits of sustainable innovation are only fully realized when commercialized and put in the hands of consumers. We are pleased that our partnership with JBF Industries Ltd. will help us further expand global production”.
Coca-Cola Co. (NYSE:KO) stocks are currently standing at 37.93.