Waco, TX -- Coca-Cola Refreshments receives tax abatement incentive through the expansion of its Waco, Texas presence with a $13.3 million investment of a new blow-molding line for in-house production of bottles within its facility in the Texas Central Park. The facility will retain 327 permanent, full-time positions.
In addition to Coca-Cola establishing its first Waco manufacturing facility in 1995, Coca-Cola Enterprises constructed a 50,000-square-foot regional distribution center to supply the central Texas market in 2007. The expanded operations are a result of the company's continued growth in product demand and a long-established partnership with the city of Waco, McLennan County and the Waco Industrial Foundation.
"McLennan County is fortunate to have companies like Coca-Cola that want to invest here," said Judge Scott Felton, McLennan County Judge. "I believe this is due to having a great workforce that takes ownership in what they produce."
"It is refreshing to see the commitment to safety and innovation that Coke has brought to Waco," said Dale Fisseler, City of Waco Manager.
The site also received a Voluntary Protection Programs (VPP) certification as a STAR worksite in November from the Occupational Safety and Health Administration (OSHA), making it the fourth facility in Waco to receive the designation for its commitment to implementing effective safety and health management systems.
The Coca-Cola Company (NYSE: KO), headquartered in Atlanta, is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. The Company has the strongest portfolio of brands in the nonalcoholic beverage industry - now featuring 20 brands that generate more than $1 billion USD in annual retail sales. Learn more about Coca-Cola at US.Coca-Cola.com.
About Greater Waco:
Greater Waco is located in McLennan County, Texas along the Interstate 35 corridor and is home to more than 14,000 companies, 234,906 people and a regional workforce of approximately 320,000. To prepare and market the Greater Waco region for the businesses and jobs of the future, Greater Waco is strategically positioned with centralized access to Dallas and Austin (90 miles) and Houston and San Antonio (185 miles).
Since 2006, Greater Waco has seen more than $1.04 billion in new capital investments and $596 million in riverfront and downtown development, making it an attractive place to live, work and play. Greater Waco is landscaped with top-rated higher educational institutions, including Baylor University, McLennan Community College and Texas State Technical College Waco.
The Greater Waco Chamber leads economic development efforts for the area, targeting five key industries for growth, including: Advanced Manufacturing, Aerospace and Defense, Health Care, Professional and Financial Services and Supply Chain Management. For more information, visit WacoChamber.com.