Together with its bottling partners Coca-Cola Femsa, Coca-Cola Andina, Arca Continental, and Reginald Lee, they will allocate the funds to modernize equipment and production lines, and improve operational efficiency.

Coca-Cola announced Thursday that it and its bottling partners will invest more than $1.4 billion in Argentina through 2028, according to a press release.

The company, along with its partners Coca-Cola Femsa, Coca-Cola Andina, Arca Continental, and Reginald Lee, will allocate the funds to modernize equipment and production lines, and improve operational efficiency.

"This investment not only strengthens our local operations, but also reflects our confidence in the growth potential of the Argentine market and our key role as a driving force of the country's economy," said John Murphy, the company's president and chief financial officer, in the statement. He had met with Argentine President Javier Milei in Buenos Aires hours earlier.

Also present at the investment announcement were Teodoro Kundig, general manager for Argentina at Coca-Cola Femsa; Pedro Massa, vice president for the Southern Cone at Coca-Cola Company; Enrique Pérez Barba, executive director for Peru and South America at Arca Continental; and Sergio Giménez, general manager of ARCA Continental.

The announcement of this multi-million-dollar investment follows the recent addition of a new returnable packaging line at the Coca-Cola Andina plant in Mendoza, which opened in November 2024 with a US$40 million investment in Godoy Cruz. This plant produces 2- and 2.5-liter PET returnable containers, as well as 1.25-liter glass bottles, with the capacity to process up to 48,000 liters of soda per hour in various formats simultaneously.