Coca-Cola to spend $70M on upgrades to Calgary plant
BNN Bloomberg
,Coca-Cola Canada Bottling Ltd. has committed to spending $70 million for upgrades to its bottling plant in Calgary.
The money marks the company’s biggest single investment in a facility since at least 2018, and will be used to “build a new, state-of-the-art, on-site, high-density warehouse,” according to a news release.
The upgraded plant will feature a new inventory management system and increased capacity, which the company believes will improve customer service and reduce emissions.
The non-alcoholic beverage sector has seen significant growth in recent years as people look to options other than alcohol.
Global Market Insights estimates the non-alcoholic beer market was worth more than US$22 billion worldwide last year and could be worth almost double that in the next 10 years.
Last week, the Conference Board of Canada reported the sector contributed more than $5 billion to the Canadian economy in 2019.
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