Coke eyes northern IsraelThis article was originally published in Foodnews
COCA-Cola Co is considering opening a new plant in northern Israel, in the Tsvaim Park industrial zone in Galilee, writes Eugene Vorotnikov. According to some Israeli media reports, the volume of investment in the project is estimated at hundreds of millions of shekels. Coke is currently holding negotiations with the Israel government, which it hopes will provide around 20% of the needed investment. According to Israeli business practice, the state may take in the project if the total volume of investment in its implementation is at least ILS300 million (USD83.3 million) and if a factory is making a fundamental change in an area which currently does not have any other industrial enterprises. In addition it should provide employment for at least 400 people. Currently, Coca-Cola Israel's main office and factory are located in the city of Bnei Brak. The company employs 2 600 and has six distribution centres and a national service center.