Baku Coca-Cola Bottlers Limited

MIGA issued its first guarantee in Azerbaijan to Efes of Turkey for its $18.3 million equity investment to establish a soft drink bottling and distribution facility about five miles from Baku. MIGA guarantees of $16.5 million cover the investment against the risks of expropriation and war and civil disturbance.

The project enterprise is a joint venture with Ilchin, a private company owned by two Azeri entrepreneurs, and IFC, which will make a loan and an equity investment in the project. The facility, Baku Coca-Cola Bottlers Limited, will be the first of its kind Azerbaijan. It will adopt efficient distribution and modern inventory management systems to increase the and sales of soft drinks in the country project enterprise will create about new jobs and initiate training programs in the polyethylene production process. It benefits local distributors, manufacturers, and suppliers of input materials such as packing cases and pallets.