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23 Oct 2017
The delegation of COFCO Coca-Cola Beverages arrived in Khabarovsk Kray on a working visit. Yury Chaika, First Deputy Chairperson of Khabarovsk Kray Government in charge of investment and priority projects, met COFCO representatives at the premises of Khabarovsk Kray Investment and Development Agency.
COFCO deals in production and sale of beverages. The Company offers soft drinks, juice, tea, coffee, and water products under various brand names. In the context of the company’s specialization profile, the regional investment agency in liaison with the Agency for Investment Attraction and Export Promotion arranged a tour of beverage producers for Chinese guests to introduce them to the local water and beverage technology. After the negotiations and field discussions held, the Company showed an interest to cooperate with Khabarovsk beverage producers and export their products to China and probably open their beverage production arm in the territory of Khabarovsk Kray.
The entry to the Russian Far East is compelling for the Chinese investor since a drinking water market in China is now expanded primarily at the expense of foreign supplies. Previously COFCO paid working visits to Sakhalin Oblast, Primorsky Kray and Kamchatka Kray.
According to the investor, Khabarovsk Kray was chosen for accessibility by transport, logistics and presence of partners in the region.