CCA denies rumours of SPC Ardmona closure

Wednesday, 19 February, 2014

Coca-Cola Amatil (CCA) has issued a statement clarifying its position on SPC Ardmona following reports that it may close the processor. The company says these reports are “mistaken”.

The company says it is confident of SPC Ardmona’s long-term prospects and will invest $78 million in the business in the next three years. The Victorian government has also committed $22 million over three years.

“We are very comfortable with the conditions applied to the $22 million grant by the Victorian government. If we did not believe in the future of the company, CCA would not have made the significant investment of $78 million,” said CCA Managing Director Terry Davis.

CCA has also announced a writedown of the carrying value of SPC Ardmona by $404 million.

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