News

Coca-Cola Beverages Africa invests US$6.5M in Voltic’s new plant

January 25, 2018

Akwadum, Eastern Region.

Voltic (GH) Limited, (Voltic) has inaugurated its new Packaging Line at its second facility. The new high speed line located in Akwadum, in the Nsawam/Adoagriri Municipality is an investment by Coca Cola Beverages Africa (CCBA), Voltic’s parent company.

Speaking at the inauguration ceremony, the CEO of CCBA, Doug Jackson who is on a 3 day working visit to Ghana  noted  that, the installation of the new line serves as an avenue for sustained economic acceleration for customers, consumers and communities in Ghana

He quipped, “CCBA is the 10th largest Coca-Cola bottling partner worldwide and the leading bottling partner in the African continent. We strive to satisfy our key stakeholders each and every day and this mission explains our investment in Voltic today. Our investment in technology and people has been to increase the production capacity of Voltic while providing permanent employment to more than 450 Ghanaians and thousands more in our value chain”.

The inauguration ceremony attended by various stakeholders including Hon. Carlos Kingsley Ahenkorah; Dep. Minister of Trade and Industry, Dr. Yaw Adu Gyamfi, President of the Association of Ghana Industries and Mr. Alhassan Andani MD OF Stanbic Bank. Other distinguished guests include Chief of Nsawam Adoagyiri, Okoanadwo Afutu Dompreh II (Adoagyirihene & Ankobeahene), Jacques Vermuelen, MD, Coca-cola Beverages Africa International Division, cross section of Distributors, Management and staff of Voltic.

Francois Gazania, MD of Voltic, in his welcome address, mentioned that, the packaging line will enable the company optimize operations to achieve production and sales targets, thereby fulfilling Voltic’s tax and other financial obligations to the state.

In a keynote address read by Dep. Minister of Trade and Industry , Carlos Kingsley Ahenkorah, on behalf of Hon Alan Kyeremanten, the Minister of Trade and Industry congratulated CCBA and its CEO Doug Jackson for their faith in Ghana and in West Africa and in particular the giant stride made in the food and beverages industry in Ghana. He reiterated   government’s support for the private sector indicating “Governments over the years have recognized the role played by the private sector in spurring economic growth and development, and as such the private sector has often been referred to as “the engine of growth”. This is because, it is the private sector that drives growth, create jobs and pay the taxes that finance services and investment.”

Therefore our priority as Government is to put in place what I refer to as an ‘ambitious policy framework’ that will help businesses to expand and create jobs, as well as promote the growth of entrepreneurial opportunities for Ghanaians particularly the youth. We cannot continue to do old things and expect new results.”

He recognized the company for its contribution to the growth of economy through job creation in the past 23 years and  called for the patronage of made in Ghana products

Since its establishment in 1995, Voltic has served the Ghanaian market with the best quality water and widely invested in life changing corporate social investments in the areas of health, sanitation, environment, education, women empowerment and rural developments as part of its contribution to the sustainable development of Ghana.

The new line will allow Voltic to truly satisfy the demand of its customers and consumers as it continues to play its role as an enabler for job creation .

-End –

 

Notes  to editors

About Voltic (GH) Limited (A subsidiary of CCBA)

Voltic (GH) Limited, a business engaged in the packaging and distribution of Voltic Natural Mineral Water and Cool Pac treated drinking water; and the distribution of the Club minerals range of drinks and Beta Malt was established in 1995 with one facility at Medie.  The Company’s aim was to compete with imported Mineral waters which were predominant in the Ghanaian market at the time.  With the company’s commitment to quality and excellence, within three years after inception it went on to command a 65% market share in the Ghanaian mineral water market.  Twenty-one years later Voltic maintains its market leading position in the mineral water market and is renowned for its commitment to quality

Recently becoming a subsidiary of Coca-Cola Beverages Africa (CCBA), Voltic is committed to refreshing Africa everyday and making the continent a better place for all.

Sustainability is integral to Voltic’s operations, thereby driving constant investment in the company’s people, the community and the environment.  Over the years, Voltic has contributed to the improvement of livelihoods of thousands of people through employment, sponsorship and corporate social investments.

With two production plants located in Medie and Akwadum in the Greater Accra and Eastern regions respectively, Voltic directly employs thousand individuals and many more others through its value chain.

The company is also in charge of sales and distribution of club minerals and Betamalt throughout Ghana.

Contact details

Voltic (GH) Limited

Mrs. Joyce Ahiadorme

Public Affairs & Communication  Manager

Tel/e-mail: 030 277 4248

Jahiadorme@ccbagroup.com

 
 Contact details  
Voltic (GH) Limited
Mrs. Joyce Ahiadorme Public Affairs & Communication  Manager Tel/e-mail: 030 277 4248

Jahiadorme@ccbagroup.com

Editors Background Notes

About Voltic (GH) Limited (A subsidiary of CCBA)

Voltic (GH) Limited, producers of Voltic Natural Mineral Water (Voltic), has two registered water brands: Voltic Natural Mineral Water – packaged in 350ml, 500ml, 750ml, 1.5L and 19.5L bottles – and Coolpac 500ml sachet water, produced, distributed and sold throughout Ghana by regulated franchises

Voltic’s franchise agreements enable small- and medium-scale enterprises (SME) across the country to produce, package and sell Cool Pac sachet water under stringent quality control. Each production facility is monitored against Voltic’s quality criteria including frequent, unannounced inspections and quarterly audits.

Many people who merchandise these bags of sachets were previously unemployed and unskilled and as a result of the low barrier to entry, several Ghanaians have improved their livelihoods by selling Cool Pac sachet water to community members who may not be able to afford bottled water.

With an average daily  production of 200,000 bags of quality sachet water to serve the needs of the market,  the Voltic franchisees, mostly Ghanaian establishments, employ more than 1,700 permanent workers directly and several others indirectly through the value chain.

About Coca-Cola Beverages Africa

  • In November 2014, The Coca-Cola Company, SABMiller plc and Gutsche Family Investments (GFI, majority shareholders in Coca-Cola Sabco) announced they had agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in Southern and East Africa to Coca-Cola Beverages Africa.
  • The formation of CCBA brought several African, non-alcoholic beverage bottlers under CCBA. These bottlers bottle various brands owned by The Coca-Cola Company (“TCCC”).
  • CCBA serves 12 high growth countries, accounting for approximately 40% of all Coca-Cola beverage volumes in Africa.
  • CCBA’s first phase brought together Coca-Cola bottling entities in South Africa, Kenya, Ethiopia, Mozambique, Tanzania, Uganda, Namibia, Mayotte and Comoros.
  • Botswana, Swaziland and Zambia will be contributed as part of the second phase of the integration.
  • In October 2016, Anheuser-Busch InBev announced it would be combining with SABMiller. In the same month, The Coca-Cola Company announced its intention to acquire AB InBev’s stake in Coca-Cola Beverages Africa.
  • The Coca-Cola Company and Anheuser-Busch InBev reached agreement in December 2016 regarding the transition of AB InBev’s 54.5 equity stake in Coca-Cola Beverages Africa.

 

This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of CCBA (the “Company”) or any of its affiliates in any jurisdiction or an inducement to enter into investment activity.

This document includes “forward-looking statements”.  These statements may contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning.  All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company’s products and services) are forward-looking statements.  These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.  These forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future.  These forward-looking statements speak only as at the date of this announcement.  The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Any information contained in this announcement on the price at which the Company’s securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.