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  Online - for 73 minutes

ArabBizMedia

ArabBizMedia   , 32

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CNIM to Optimize Renewable Heat Production for Nantes District Heating

This project consolidates CNIM's status as a major player in district heating system optimization using heat pumps connected to waste to energy plants. The Group has forged a European reputation for its expertise and know-how in this area.

PARIS-Wednesday 22 May 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- CNIM, a French international industrial equipment manufacturer and integrator, has entered into an agreement concerning the energy efficiency optimisation at the waste-to-energy plant serving the cities of Nantes and Saint Nazaire, in the North West of France. Under the terms of this agreement, CNIM will install an absorption heat pump to boost the supply of hot water to Nantes.

The delivery is scheduled for October 2019. The new system has been daesigned to inject 3.1 MW of heat energy into Nantes' district heating system.

2018: Two contracts to upgrade heat networks in France and Switzerland

Prior to this agreement, CNIM won two other major contracts to upgrade the energy efficiency of waste-to-energy plants in France and Switzerland, and to supply district heating networks with renewable energy.

    Supplying 30 MW to Basel's district heating network by recovering heat from flue gases (Switzerland)
    Recovering low pressure steam from a turbine and supplying 13 MW of heat energy in Brive (France)

CNIM has been improving energy efficiency for more than 60 years

CNIM supplies 1 MW and larger custom heat pumps and chillers to tackle energy efficiency challenges at industrial facilities in numerous sectors, including the oil, petrochemicals, chemical, energy and shipping industries.

This turnkey offering, covering design, construction and maintenance services, dovetails with those of other CNIM Group entities and subsidiaries in areas such as heat process engineering, waste-to-energy and biomass-to-energy solutions, flue gas treatment, thermal power plant renovation projects and industrial boiler plants.

As well as absorption heat pumps & chillers, CNIM provides heat storage systems for district heating operators. These are based on steam or pressurised water tanks that store heat during peak production and release it to the network during peak demand.

More information on CNIM’s heat pumps: https://cnim.com/en/businesses/energy-management-and-efficiency#chillers-absorption-heat-pumps

Discover Helsinki’s absorption chillers business case: https://cnim.com/en/absorption-chillers-supplying-helsinki-cold-energy-last-20-years

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190520005678/en/

Contacts

Press contacts
Agence Gootenberg
Frédérique Vigezzi
frederique.vigezzi@gootenberg.fr
Tel.: + 33 1 43 59 29 84

Laurence Colin
laurence.colin@gootenberg.fr
Tel.: +33 1 43 59 00 46

CNIM
Nathalie Sablon
nathalie.sablon@cnim.com

Permalink : https://www.aetoswire.com/news/cnim-to-optimize-renewable-heat-production-for-nantes-district-heating/en


Philip Morris International Strengthens Organizational Capabilities to Realize Its Vision for a Smok

 New Leadership Positions Further Accelerate the Company’s Ability to Remain at the Forefront of Technology, Science and Consumer Centricity



LAUSANNE, Switzerland-Wednesday 22 May 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Philip Morris International Inc. (PMI) (NYSE:PM) today announced leadership moves to accelerate the realization of its vision of a smoke-free future and further enhance business growth. The company has created the following new roles: Chief Consumer Officer (CCO), Chief Life Sciences Officer (CLSO), Chief Product Officer (CPO) and Chief New Ventures Officer (CNVO).

“Since the launch of our smoke-free product, IQOS, in 2014, we have made enormous progress both in terms of organizational capabilities, know-how and in our business results. With IQOS commercialized in 47 markets today, we are extremely proud of what has been achieved to date, including two recent milestones: realizing 10 million users and the U.S. FDA authorization to commercialize this smoke-free alternative in the U.S.,” said André Calantzopoulos, PMI’s Chief Executive Officer. “To accelerate, we must further enhance our ability to stay at the forefront of technology, science and consumer centricity.”

All four executive positions will report to Mr. Calantzopoulos as part of PMI’s Senior Management Team (SMT). Three of the four are new hires who will replace the current role of President Science & Innovation, currently held by Mirek Zielinski, who will assume the new role of Chief New Ventures Officer.

The role of CCO will be filled by Stefano Volpetti, an expert marketer in end-to-end brand building with more than two decades of international experience working across different markets in a variety of roles. He will be responsible for grouping all consumer-facing experiences across the consumer journey—connecting with legal age smokers to drive change—from trends and insights, product and brand portfolio architecture, and consumer communications, to channel strategy.

Stepping into the role of CLSO will be Dr. John O’Mullane, a broad integrative thinker who has led innovation and R&D across all of the significant consumer healthcare categories. He will build upon PMI’s unique scientific capabilities in RRPs and outline the company’s scientific strategy for new products and services that go beyond tobacco and nicotine. He will combine scientific excellence with commercial rigor to elevate the business transformation.

The CPO role has been filled by an experienced leader from the electronics industry and will be announced in the forthcoming weeks. The CPO will be accountable for the development and acceleration of the company’s innovative smoke-free product pipeline, related technologies and electronic devices manufacturing.

“It is both humbling and reassuring that we are able to attract senior executives of such deep experience, credibility and expertise,” said Charles Bendotti, Senior Vice President People & Culture, PMI. “We look forward to their contributions in accelerating business success and achieving our vision.”

For more on these and other aspects of PMI’s game-changing transformation, visit: www.pmi.com.

About Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. PMI's smoke-free IQOS product portfolio includes heat-not-burn and nicotine-containing vapor products. As of March 31, 2019, PMI estimates that approximately 7.3 million adult smokers around the world have already stopped smoking and switched to PMI’s heat-not-burn product, which is currently available for sale in 47 markets in key cities or nationwide under the IQOS brand. For more information, please visit www.pmi.com and www.pmiscience.com.

Contacts

Corey Henry / David Fraser
Philip Morris International Media Office
T. + 1 202-609-7296 / +41 79 843 8603
E. Corey.Henry@pmi.com / David.Fraser@pmi.com

Permalink : https://www.aetoswire.com/news/philip-morris-international-strengthens-organizational-capabilities-to-realize-its-vision-for-a-smoke-free-future/en


Ajman Media City Free Zone Investor Forums In Europe Draw Strong Interest

• The international road shows of Ajman Media City Free Zone focus on sectors that align with UAE's economic vision.

• Senior level delegations in key countries support UAE’s drive to innovate and diversify economy.


Ajman, United Arab Emirates-Wednesday 22 May 2019 [ AETOS Wire ]

The Ajman Media City Free Zone concluded its first European investment forums series with successful events in London and Lisbon, the two emerging and thriving hubs for creative and tech start-ups.

His Excellency Mahmood Alhashmi, CEO of Ajman Media City Free Zone led the high level delegation along with Rishi Somaiya, Commercial Advisor and Nader Afify, Business Development Advisor.

His Excellency Mahmood Alhashmi said: “Creating a strong presence and build long term partner relations in global tech and digital media centres is part of our core strategy. We chose our target audience with due diligence as both London and Lisbon are fastest growing hubs for start-up economy.”

“Portugal is recognised by Startup Europe Partnership (SEP) initiative as one of the fastest growing start-up ecosystem and the entrepreneurship culture is complimentary to the culture of innovation promoted by Ajman Media City Free Zone. Similarly London has successfully attracted the best creative talents from UK, by offering access to venture capital funds, angel investors, crowdfunding platforms, banks and SME trade bodies.

“Entrepreneurs, SME owners and innovators from these cities look at UAE as a very attractive and feasible destination to expand and our cost effective and creative business set up offers are received very well by these investors in both the cities.”

Favorable policies, investor friendly packages and commitment to innovation and start-up has already made Ajman Media City Free Zone an attractive destination in key markets such as China, India, and Egypt. Since our launch in 2018, we have grown fast and consistently and are looking forward to create more presence in the markets across Europe.

“UAE is bound to remain among the world’s leading innovation hubs because of its growing base of digital media and entertainment companies and we want to make a significant contribution to the national economy,” His Excellency Mahmood Alhashmi concluded.

http://amcfz.ae/

Contacts

Anu Bhatnagar, +971507286803

anu@doodleworldwide.com

Permalink : https://www.aetoswire.com/news/ajman-media-city-free-zone-investor-forums-in-europe-draw-strong-interest-digital-and-media-communities-from-uk-and-portugal-to-invest-in-ajman/en


Coca-Cola met à jour ses plans pour Coca-Cola Beverages Afrique, y compris son intention de...



ATLANTA -Mardi 21 Mai 2019 [ AETOS Wire ]

(BUSINESS WIRE) - The Coca-Cola Company a annoncé aujourd'hui qu'elle maintiendra sa participation majoritaire dans Coca-Cola Beverages Afrique (CCBA) dans l'avenir prévisible.

Dans le cadre de ce changement, Coca-Cola commencera à présenter les états financiers de la société CCBA qui comprennent ses résultats d’exploitation continus pour le second trimestre de l'année 2019, et ce conformément aux normes comptables des États-Unis. CCBA a été tenue compte à titre d'activité non poursuivie depuis que Coca-Cola est devenue actionnaire majoritaire en octobre 2017.

Coca-Cola a déjà annoncé son intention d'accorder une nouvelle franchise à CCBA, qui s'avère la plus importante société de mise en bouteilles de boissons Coca-Cola en Afrique, offrant ses services à 12 pays. La société a engagé des discussions avec un nombre de partenaires potentiels.

"Coca-Cola Beverages Afrique fait partie intégrante du système global de Coca-Cola, et nous témoignons d'immenses opportunités capables de créer une valeur supplémentaire", a déclaré Brian Smith, Président et Chef d'Exploitation chez Coca-Cola. "Bien que nous restions attachés au processus selon lequel une nouvelle franchise serait accorder, nous croyons que, pour le meilleur intérêt de tous, Coca-Cola devrait toujours détenir et exploiter CCBA".

En reclassant les résultats présentés par CCBA au titre d'activités poursuivis, Coca-Cola prévoit ce qui suit :

    La société fournira des informations financières reclassées de l'année précédente avant la publication des résultats du second trimestre.
    La dépréciation et l'amortissement de CCBA seront rétablis, conformément aux directives comptables. Coca-Cola estime que la dotation aux amortissements pour l'année 2018 est d’environ 400 millions de dollars sur une base comparable.
    Avec le reclassement, Coca-Cola ne s'attend pas à un impact sur son chiffre d'affaires organique pour l'année 2019 ni sur ses prévisions à l'égard de la croissance comparable du bénéfice par action. La société prévoit une augmentation d’environ 400 millions de dollars pour l'année 2019 concernant les flux de trésorerie provenant de l’exploitation et une augmentation des dépenses en capital d’environ 400 millions de dollars.
    Les résultats de CCBA seront annoncés dans le cadre du segment du Groupe Bottling Investments.

CCBA a été créée en 2016 par l’association des intérêts africains des sociétés de mise en bouteilles de boissons prêtes à boire non alcoolisées telles que SABMiller plc, The Coca-Cola Company et Gutsche Family Investments. Ensuite, AB InBev a acquis SABMiller, et a conclu un accord visant à céder la participation au capital de 54,5% détenue par AB InBev dans CCBA à Coca-Cola. Cette transaction de l'année 2017 a fait de Coca-Cola l'actionnaire majoritaire de CCBA.

À propos de The Coca-Cola Company

The Coca-Cola Company (NYSE : KO) est une société mondiale dédiée totalement à la boisson, offrant plus de 500 marques dans plus de 200 pays et territoires. Outre les marques Coca-Cola de notre société, notre portefeuille comprend certaines marques de boissons les plus célèbres au monde, telles que les boissons à base de soja AdeS, le thé vert Ayataka, le café Costa, l'eau Dasani, les jus et nectars Del Valle, Fanta, le café Georgia , le thé et café Gold Peak, Honest Tea, les frappés aux fruits (smoothies) et les jus naturelles Innocent, les jus Minute Maid, les boissons sportives Powerade, les jus Simply, smartwater, Sprite, vitaminwater et l'eau de coco ZICO. Nous transformons constamment notre portefeuille, allant de la réduction du sucre dans nos boissons jusqu'à la commercialisation de nouveaux produits innovants dans le marché. Nous travaillons également à réduire notre impact environnemental par le renouvellement de l’eau et la promotion du recyclage. Avec nos partenaires de mise en bouteilles, nous employons plus de 700 000 personnes, ce qui contribue à créer des opportunités économiques pour les communautés locales du monde entier. En savoir plus sur Coca-Cola Journey sur www.coca-colacompany.com et suivez-nous sur Twitter, Instagram, Facebook et LinkedIn.

La marque fairlife® est la propriété de fairlife LLC, notre coentreprise avec Select Milk Producers Inc. Les produits de fairlife sont distribués par notre société et certains de nos partenaires de mise en bouteilles.

Énoncés prospectifs

Ce communiqué de presse peut contenir des déclarations, des estimations ou des projections constituant des "énoncés prospectifs" comme défini en vertu des lois fédérales américaines sur les valeurs mobilières. En règle générale, les mots "croire", "prévoir", "avoir l’intention", "estimer", "anticiper", "projeter", "sera" et autres expressions similaires désignent des énoncés prospectifs qui, en général, ne sont pas de nature historique. Les énoncés prospectifs sont soumis à certains risques et incertitudes qui pourraient entraîner une différence significative entre les résultats réels, l'expérience historique propre à The Coca-Cola Company et nos prévisions ou attentes actuelles. Ces risques comprennent, mais sans s'y limiter, l'obésité et d'autres problèmes liés à la santé; l'incapacité à satisfaire les préférences évoluées en matière de consommation et d'achat; la concurrence accrue; la pénurie d'eau et sa mauvaise qualité; la demande accrue de produits alimentaires et la baisse de la productivité agricole; les problèmes en matière de sécurité et de qualité des produits; le débat public et les préoccupations au sujet des conséquences négatives perçues de certains ingrédients sur la santé, tels que les édulcorants non nutritifs et les substances dérivées de la biotechnologie, et d'autres substances présentes dans nos boissons ou matériaux d'emballage; l'incapacité à réussir dans nos activités d'innovation; l'incapacité à protéger nos systèmes d'information contre les interruptions de service, le détournement des données ou les violations de la sécurité; le non-respect des lois sur la protection des données personnelles; l'incapacité à réussir dans nos efforts déployés pour numériser le système de Coca-Cola; les changements dans la perspective de la vente au détail ou la perte des clients clés de la vente au détail ou de la restauration; l'incapacité à élargir les activités sur les marchés émergents et en développement; les fluctuations des taux de change des devises étrangères; la hausse des taux d’intérêt; l'incapacité à entretenir de bonnes relations avec nos partenaires de mise en bouteilles; la détérioration de la situation financière de nos partenaires de mise en bouteilles; l'augmentation des taux d'impôts sur les revenus, les changements des lois de l'impôt sur les revenus ou la résolution défavorable des questions fiscales; l'augmentation ou la création de nouveaux impôts indirects aux États-Unis et dans le monde entier; l'incapacité à réaliser les avantages économiques générés ou l'incapacité à gérer avec succès les conséquences négatives possibles de notre programme de productivité et de réinvestissement; l'incapacité à attirer ou à retenir une main-d'œuvre hautement qualifiée et diversifiée; l'augmentation du coût, la perturbation de l'approvisionnement ou la pénurie d'énergie ou de carburant; l'augmentation du coût, la perturbation de l'approvisionnement ou la pénurie d'ingrédients, d'autres matières premières, de matériaux d'emballage, de canettes d'aluminium et d'autres conteneurs; les changements des lois et des règlements relatifs aux contenants et aux emballages des boissons; les exigences supplémentaires importantes en matière d’étiquetage, d’avertissement ou de limitation de la commercialisation ou de la vente de nos produits, les conditions économiques générales défavorables aux États-Unis; les conditions économiques et politiques défavorables sur les marchés internationaux; les litiges ou les procédures juridiques; les risques juridiques et de réputation accrus associés à la conduite d'affaires sur les marchés où les environnements de conformité légale sont à haut risque; l'incapacité des fournisseurs de services tiers et des partenaires commerciaux à respecter leurs engagements et leurs responsabilités de manière satisfaisante; l'incapacité à protéger d'une manière adéquate ou les litiges relatifs aux marques, formules et autres droits de propriété intellectuelle; les conditions météorologiques défavorables; le changement climatique; l'atteinte à notre image de marque, à la réputation de notre entreprise et à notre licence sociale résultante d'une publicité négative, qu'elle soit justifiée ou non, concernant la sécurité ou la qualité des produits, les droits de l'homme et des employés dans les lieus de travail, l'obésité ou les autres problèmes; les changements ou le non-respect des lois et des règlements applicables à nos produits ou à nos activités commerciales; les changements de normes comptables; l'incapacité à atteindre nos objectifs globaux de croissance à long terme; la détérioration des conditions du marché mondial des crédits; les défauts ou l'échec au sein  d'une ou de plusieurs de nos institutions financières de contrepartie; l'incapacité à renouveler les accords de négociation collectifs à des conditions satisfaisantes, ou les grèves, les arrêts de travail ou les troubles du travail vécus par nous ou par nos partenaires de mise en bouteilles; les charges de dépréciation futures; les passifs futurs liés au retrait des régimes de retraite multi-employeurs; l'incapacité à intégrer et à gérer avec succès nos activités de mise en bouteilles appartenant à la société ou contrôlées par celle-ci, ou d'autres entreprises ou marques acquises; l'incapacité à gérer avec succès nos activités pour accorder une nouvelle franchise; l'incapacité à réaliser une partie importante des avantages prévus de notre relation stratégique avec Monster; les événements catastrophiques mondiaux ou régionaux; et les autres risques discutés dans les documents présentés par notre société auprès de Commission des Opérations de Bourse, y compris notre rapport annuel sur le formulaire 10-K pour l’exercice clos le 31 décembre 2018 et notre rapport trimestriel sur le formulaire 10-Q, déposé ultérieurement et disponible auprès de la Commission des Opérations de Bourse. Vous ne devez en aucun cas placer indûment votre confiance en les énoncés prospectifs, qui ne sont valables qu’à la date auxquels ont été établis. The Coca-Cola Company n’assume aucune obligation de mettre à jour ou de réviser publiquement les énoncés prospectifs.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Contacts

Investisseurs et analystes : Tim Leveridge +1 404.676.7563
Média : Scott Leith +1 404.676.8768


Permalink : https://www.aetoswire.com/fr/news/coca-cola-met-agrave-jour-ses-plans-pour-coca-cola-beverages-afrique-y-compris-son-intention-de-maintenir-sa-participation-majoritaire-dans-une-socieacuteteacute-de-mise-en-bouteilles/fr


Coca-Cola Updates Plans for Coca-Cola Beverages Africa, Including Intent to Retain Majority Stake...



ATLANTA-Tuesday 21 May 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- The Coca-Cola Company announced today that it will maintain its majority stake in Coca-Cola Beverages Africa for the foreseeable future.

With the change, Coca-Cola will begin presenting the financial statements of CCBA within its results from continuing operations in the second quarter of 2019, in accordance with U.S. accounting standards. CCBA has been accounted for as a discontinued operation since Coca-Cola became the controlling shareowner in October 2017.

Coca-Cola previously announced its intention to refranchise CCBA, which is the largest bottler of Coca-Cola beverages in Africa, serving 12 countries. The company has had discussions with a number of potential partners.

“Coca-Cola Beverages Africa is a very important part of the Coca-Cola system, and we see great opportunities to create even more value,” said Coca-Cola President and Chief Operating Officer Brian Smith. “While we remain committed to the refranchising process, we believe it’s in the best interests of all involved for Coca-Cola to continue to hold and operate CCBA.”

In reclassifying CCBA’s results into continuing operations, Coca-Cola expects the following:

    The company will provide reclassified prior year financial information prior to the second quarter earnings release.
    Depreciation and amortization for CCBA will be reinstated, per accounting guidelines. Coca-Cola estimates depreciation and amortization expense for 2018 of approximately $400 million on a comparable basis.
    With the reclassification, Coca-Cola does not expect an impact to its 2019 organic revenue and comparable EPS growth guidance. The company expects an increase in its 2019 guidance for cash from operations of approximately $400 million and an increase in capital expenditures of approximately $400 million.
    CCBA’s results will be reported as part of the Bottling Investments Group segment.

CCBA was formed in 2016 through the combination of the African nonalcoholic ready-to-drink bottling interests of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments. AB InBev later acquired SABMiller and reached an agreement to transition AB InBev’s 54.5% equity stake in CCBA to Coca-Cola. That 2017 transaction made Coca-Cola the controlling shareowner of CCBA.

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brands, our portfolio includes some of the world’s most valuable beverage brands, such as AdeS plant-based beverages, Ayataka green tea, Costa coffee, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, innocent smoothies and juices, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater and ZICO coconut water. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at Coca-Cola Journey at www.coca-colacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.

The fairlife® brand is owned by fairlife LLC, our joint venture with Select Milk Producers Inc. Products from fairlife are distributed by our company and certain of our bottling partners.

Forward-Looking Statements

This press release may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca-Cola Company’s historical experience and our present expectations or projections. These risks include, but are not limited to, obesity and other health-related concerns; failure to address evolving consumer product and shopping preferences; increased competition; water scarcity and poor quality; increased demand for food products and decreased agricultural productivity; product safety and quality concerns; public debate and concern about perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; an inability to be successful in our innovation activities; an inability to protect our information systems against service interruption, misappropriation of data or breaches of security; failure to comply with personal data protection laws; an inability to be successful in our efforts to digitize the Coca-Cola system; changes in the retail landscape or the loss of key retail or foodservice customers; an inability to expand operations in emerging and developing markets; fluctuations in foreign currency exchange rates; interest rate increases; an inability to maintain good relationships with our bottling partners; a deterioration in our bottling partners' financial condition; increases in income tax rates, changes in income tax laws or unfavorable resolution of tax matters; increased or new indirect taxes in the United States and throughout the world; failure to realize the economic benefits from or an inability to successfully manage the possible negative consequences of our productivity and reinvestment program; an inability to attract or retain a highly skilled and diverse workforce; increase in the cost, disruption of supply or shortage of energy or fuel; increase in the cost, disruption of supply or shortage of ingredients, other raw materials, packaging materials, aluminum cans and other containers; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the marketing or sale of our products; unfavorable general economic conditions in the United States; unfavorable economic and political conditions in international markets; litigation or legal proceedings; increased legal and reputational risk associated with conducting business in markets with high-risk legal compliance environments; failure by third-party service providers and business partners to satisfactorily fulfill their commitments and responsibilities; failure to adequately protect, or disputes relating to, trademarks, formulae and other intellectual property rights; adverse weather conditions; climate change; damage to our brand image, corporate reputation and social license from negative publicity, whether or not warranted, concerning product safety or quality, human and workplace rights, obesity or other issues; changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; changes in accounting standards; an inability to achieve our overall long-term growth objectives; deterioration of global credit market conditions; default by or failure of one or more of our counterparty financial institutions; an inability to renew collective bargaining agreements on satisfactory terms, or strikes, work stoppages or labor unrest experienced by us or our bottling partners; future impairment charges; future multi-employer pension plan withdrawal liabilities; an inability to successfully integrate and manage our company-owned or -controlled bottling operations or other acquired businesses or brands; an inability to successfully manage our refranchising activities; failure to realize a significant portion of the anticipated benefits of our strategic relationship with Monster; global or regional catastrophic events; and other risks discussed in our company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2018 and our subsequently filed Quarterly Report on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Coca-Cola Company undertakes no obligation to publicly update or revise any forward-looking statements.

Contacts

Investors and Analysts: Tim Leveridge +1 404.676.7563
Media: Scott Leith +1 404.676.8768


Permalink : https://www.aetoswire.com/news/coca-cola-updates-plans-for-coca-cola-beverages-africa-including-intent-to-retain-majority-stake-in-bottler/en