CCL 0.00% $13.30 coca-cola amatil limited

Feb 22 (Reuters) - Coca-cola Amatil Ltd (CCL) : Would invest...

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    Feb 22 (Reuters) - Coca-cola Amatil Ltd (CCL) :

    • Would invest around $90 million over three years to remodel its supply chain across Australia
    • Will make a $90 million investment at Richlands in Queensland.
    • Investment will include a new glass production line and new dairy and juice production capacity.
    • Will be closing our South Australian manufacturing facilities, principally at Thebarton, in 2019
    • In addition to Richlands, other manufacturing activities would also shift to Kewdale in Western Australia, Moorabbin in Victoria, and Northmead in NSW
    • Watkins said approximately 180 employees and contractors were affected by decision
    • Closure of manufacturing facilities in South Australia will deliver a further $20 million in cost savings from 2020
    • Also expected to be approximately $50 million of one-off costs associated with this program
    • "Some permanent staff will be redeployed to other positions within company"
    • "Coca-Cola Amatil will maintain a strong workforce and presence in south australia after 2019"
 
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