Coca-Cola to shut S'pore Tuas plant and move it to Malaysia


  • Business
  • Tuesday, 06 Oct 2015

SINGAPORE: Coca-Cola Singapore Beverages will wind down manufacturing operations at its bottling plant in Tuas ahead of a planned full closure in February next year, but the firm will invest more than $100 million in Singapore over the next five years, the Business Times reported.

"To better position itself for future growth, Coca-Cola is adjusting its strategy in Singapore to focus on high-value added services such as new technologies, innovation and research," said Stephen Lusk, chief executive of Coca-Cola Singapore Beverages & Coca-Cola Bottlers Malaysia.

About 200 employees will be affected by the closure of the bottling plant in Singapore. Coca-Cola will move its bottling plant operations to Malaysia. - Reuters
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Coca-Cola , singapore , tuas , bottling , plant , Malaysia ,

   

Across The Star Online