The bottler of Coca-Cola Co., Coca Cola HBC AG, will outline the costs of ceasing Coke production and sales in Russia on Thursday. This goal has taken five months to accomplish as the business used up its supply of Coke.
Coca-Cola Co., based in Atlanta, announced in March that it will halt manufacturing there. Coca-Cola HBC was responsible for producing and distributing Coca-Cola products in Russia. Since then, the Swiss-based bottler has been depleting its remaining stock. Coca-Cola owns a 20% share in the company. In March, it placed its final orders for concentrate.