Coca-Cola HBC Bosnia and Herzegovina and STUDEN - AGRANA Signed a Business Cooperation Contract
Donnerstag, den 17. Juni 2010 um 11:04 Uhr

Brčko, 17 June 2010 – Today’s signing of the contract on cooperation with STUDEN-AGRANA Sugar Refinery, Coca-Cola HBC Bosnia and Herzegovina has confirmed its determination to make a continuous contribution to the domestic economy.

STUDEN-AGRANA Sugar Refinery Ltd. is a member company of the AGRANA – STUDEN Group.

It is the only raw sugar refinery in BiH and one of the largest in Southeastern Europe with the current workforce of 150 employees.

As one of 28 members of Coca-Cola Hellenic Group, Cola-Cola HBC Bosnia and Herzegovina operates in adherence to the Group’s determination to recruit domestic suppliers of goods and services whenever possible. This is one of the ways to play a role in boosting employment and developing the local economy in the market where the Group operates.

“Refined sugar to be delivered to us by STUDEN-AGRANA as well as the processes and procedures implemented in the course of production and delivery meet our requirements for high standards of quality applicable to all ingredients used in the production of our top-quality beverages.” Said Mr. Micrea Draja, General Director of Coca-Cola HBC Bosnia and Herzegovina. “This contract solidifies our support to the development of domestic companies and economy of Bosnia and Herzegovina.”

Mr. Ilija Studen, PRESIDENT of the AGRANA – STUDEN Group gave the following statement: “This recognition is significant to the members of our team who have managed in the two years of the Sugar Refinery’s existence to meet all the requirements of Coca-Cola HBC Bosnia and Herzegovina’s very stringent quality control. We look forward to our joint cooperation which will most definitely contribute to the local economy as well as expand our business operations in accordance with the international criteria for self-sustainability of all our business partners.”

Coca-Cola HBC Bosnia and Herzegovina employed 330-strong workforce. It is estimated that via itsf business cooperation with domestic suppliers, such as STUDEN-AGRANA Sugar Refinery, it contributes to creation of as much as ten times more jobs than its actual number of employees. Coca-Cola HBC Bosnia and Herzegovina adheres to the principles of socially responsible action in all aspects of its business operations and stimulates its suppliers to adhere to these very same principles and apply the same practices of sustainable business development for the benefit of the community in which they operate.

# Note for the editors #

STUDEN-AGRANA Sugar Refinery Ltd. Brčko is a member company of AGRANA – STUDEN, the sole raw sugar refinery in BiH and one of the largest in Southeastern Europe. Approximately 45 million EUR has been invested in the construction of this refinery and it currently gives jobs to 150 employees. Its production capacity is 150 000 tons of crystal white sugar which is produced from imported raw sugar. The Sugar Refinery supplies the markets in the Western Balkans. In March 2008, the BiH Foreign Investments Promotion Agency has awarded the Sugar Refinery with the recognition of “2007 Best Greenfield Investment“, while the very construction of the sugar refinery is one of the largest projects in BiH food industry in recent years.

Coca-Cola HBC B-H Ltd. Sarajevo is a member company of Coca-Cola Hellenic Group which operates in 28 countries being the largest system of bottling companies of The Coca-Cola Company products in Europe and one of the largest in the world. Coca-Cola HBC B-H Ltd. Sarajevo fills and distributes products throughout Bosnia and Herzegovina. It currently has 330-strong workforce in the bottling plant in Sarajevo and the distribution centers in Banja Luka, Tuzla, Bihać and Mostar. It is estimated that, by means of business cooperation with domestic suppliers, it contributes to creation of as much as ten times more jobs than its actual workforce. It operates in adherence with the highest global standards and, pursuant to the Group’s direction, applies the principles of corporate social responsibility in all segments of its business operations.