Coca-Cola's Russian subsidiary plans to build finished goods warehouse in Moscow Region

MOSCOW. Feb 25 (Interfax) - Multon Partners, the Russian subsidiary of Coca-Cola HBC Holdings B.V., has received a positive review from a non-governmental expert review agency for the construction of a finished goods warehouse with a transport gallery, according to the Unified State Register of Statements.

The expertise organization is Partner Expert Consulting Center LLC in Tula.

The project is located in Istra, Moscow Region, home to one of the company's major production sites.

The warehouse could be Coca-Cola HBC's first new construction project in Russia in recent years. The Unified State Register of Statements said that the company previously received positive reviews for a storm-water treatment system project at its Krasnoyarsk plant in January 2023 and for the reconstruction of its Novosibirsk plant in September 2022.

Interfax has sent a request to Multon Partners.

As reported, Coca-Cola HBC made significant changes to its Russian operations in 2022. Specifically, production of Coca-Cola Co. brands was discontinued, and the Russian division was renamed Multon Partners, which now produces the Dobry, Bogaty, and Moya Semya brands. Raw materials are now sourced domestically. Coca-Cola HBC stopped placing orders for concentrate for traditional beverage production in March 2022. A suspension of investments in Russia was also reported.

Coca-Cola HBC owns 10 soft drink and juice factories in Russia with combined capacity of 2.2 billion liters per year.