CCI International

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  The proposed IFC investment is a corporate loan of up to US$250 million to Coca-Cola Içecek A.S. (“CCI”, the “Group”, or the “Company”) with defined use of proceeds to support capital expenditure (CAPEX) in CCI’s beverage operations for the installation of additional production lines and renewable energy in Türkiye, Uzbekistan, Tajikistan, and Iraq. The scope of this investment will cover 17 existing operational plants (10 in Türkiye; three in Iraq, three in Uzbekistan, and one in Tajikistan). IFC’s use of proceeds will also finance two new greenfield developments in Samarkand (Uzbekistan) and in Baghdad (Iraq). CCI will also relocate the Namangan plant in Uzbekistan to a new location within an industrial zone (collectively, the “Project”).Coca-Cola Içecek A.S. bottles and distributes carbonated soft drinks and noncarbonated beverages and is one of the key bottlers of The Coca-Cola Company (TCCC). CCI employs some10,000 people through its operations in Azerbaijan, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Pakistan, Syria, Tajikistan, Türkiye, Turkmenistan and Uzbekistan. In addition to sparkling beverages, CCI also produces juices, water, sports and energy drinks, and iced teas. Since 2016, IFC invested in CCI’s Coca Cola Beverage Pakistan Limited (CCBPL, ref. to #37922; #46251; #48308 in IFC Disclosure Portal). The environmental and social (E&S) performance of CCI’s projects has been satisfactory.