Coca-Cola Co (KO) Key Developments |
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Coca-Cola Co (KO)

KO on New York Consolidated

30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

The Coca-Cola Co - NGT notice may disrupt Coca-Cola's UP bottling plant functioning - ECOTIM
Wednesday, 23 Dec 2015 06:03am EST 

The Coca-Cola Co:Coca-Cola's bottling arm Hindustan Coca-Cola Beverages may face disruptions at one of its bigger plants after environment watchdog National Green Tribunal issued a notice to the company seeking explanations on its plant's drainage and waste "polluting" the environment - ECOTIM.The National Green Tribunal (NGT) said "facts in a pollution report" it had ordered on HCCB's plant at Mussoorie Gulawati Road industrial area in Ghaziabad were "alarming". - ECOTIM.It also said the Uttar Pradesh Pollution Control Board (UPPCB) should take note of the matter in the interest of environment - ECOTIM.A company spokesperson told ET that HCCB will file its response to the tribunal's notice over its plant at Mussoorie Gulawathi Road industrial area in Ghaziabad to the Central Pollution Control Board (CPCB) and UPPCB before the next NGT hearing on January 14, 2016. - ECOTIM.HCCB's plant at Plachimada in Kerala is no longer functional following local agitations while its plant in Varanasi is also facing local resistance over charges of ground water depletion. - ECOTIM.The plant discharge waste at a pond. - ECOTIM.The company defended that, saying the Uttar Pradesh State Industrial Development Corporation (UPSIDC) had not provided drainage system in this industrial area and directed the beverage maker to discharge waste at a designated pond. - ECOTIM.  Full Article

The Coca-Cola Co - China detains 10 company officials over fabricated pollution data - Reuters
Wednesday, 16 Dec 2015 07:03pm EST 

The Coca-Cola Co:Police in China have detained 10 company officials for fabricating pollution data, the environment ministry said on Thursday, as the government steps up inspections of businesses amid growing public discontent over pollution - RTRS.The drive follows a red alert declared in Beijing last week over acrid smog that shrouded the capital, which triggered curbs on vehicle use and school closures, with a government call for a halt to "large-scale, outdoor activity" - RTRS.Eight firms, from a sewage plant in the southern city of Dongguan to a Coca-Cola KO.N joint venture in northwestern Gansu province, were accused of using fake figures to hinder or manipulate environment checks, the Ministry of Environmental Protection said on its website. - RTRS.Special law enforcement teams from the ministry uncovered the cases, it said, adding that the firms "unscrupulously" falsified data, in a bid to evade regulations. - RTRS.The ministry said some of the companies involved may face criminal lawsuits. Chinese law prescribes jail terms of up to seven years for pollution offenders, state news agency Xinhua said. - RTRS.  Full Article

The Coca-Cola Co pulls Mexico ad deemed offensive to indigenous - AP
Wednesday, 2 Dec 2015 06:46pm EST 

The Coca-Cola Co:A Coca-Cola Mexico spokesman says the company apologizes and has pulled an online ad after it was deemed offensive to the country's indigenous by consumers, media and advocacy groups - AP.Director of Publicity Diego Bracamontes says the ad was pulled late Tuesday after about a week online in Mexico, and that the company never meant to offend anyone - AP.The "Open Your Heart" holiday campaign came under fire with its portrayal of festive, fashion-model-looking white people driving into the remote hills of Oaxaca to haul Coke and a Christmas tree as a service project for the indigenous Mixe community of Totontepec Villa de Morelos - AP.Bracamontes told The Associated Press on Wednesday that the message was misinterpreted, and that the campaign is about unity and happiness across communities -AP.  Full Article

The Coca-Cola Co - Teamsters Local 727 says Coca Cola-refreshments workers to go on unfair labor practice strike
Monday, 30 Nov 2015 04:13pm EST 

The Coca-Cola Co:Teamsters Local 727 says more than 225 Coca Cola-refreshments workers voted to authorize an unfair labor practice strike.Teamsters Local 727 -teamsters voted by 10-to-1 margin to authorize "strike".  Full Article

The Coca-Cola Co - Teamsters Local 727 files unfair labor practice charges against Coca Cola Refreshments
Tuesday, 24 Nov 2015 03:31pm EST 

The Coca-Cola Co:Teamsters Local 727 filed numerous unfair labor practice charges today against Coca-Cola Refreshments, a subsidiary of Coca-Cola, that include bargaining in bad faith, intimidation of workers with baseball bats and unilaterally changing contract terms and working conditions.Local 727 represents more than 300 warehouse and production workers and transport drivers at Coca-Cola Refreshments facilities in Niles and Alsip, Ill.The union and the company have met for nine bargaining sessions since October to try to come to terms on a new contract.Without offering reasonable proposals, Coca-Cola Refreshments management has repeatedly delayed negotiations and ignored information requests as the current Teamster contract nears expiration on December 1.  Full Article

The Coca-Cola Co - AB InBev, HSBC, Google, 8 others to testify at EU tax hearing - Reuters
Tuesday, 10 Nov 2015 05:03am EST 

The Coca-Cola Co:Anheuser-Busch InBev, HSBC, Google and eight other companies will be quizzed by EU lawmakers next week on their European tax deals as part of a campaign to ensure multinationals pay their fair share of taxes - RTRS.While the European Parliament's tax committee can only issue a non-binding recommendation at the end of November, the publicity generated by its actions will likely ramp up the pressure on companies seeking to minimise tax, and governments - RTRS.Amazon, already in the Commission's crosshairs over its Luxembourg tax deal, Barclays, Coca-Cola Co, Facebook, Ikea, McDonald's, Philip Morris International and the Walt Disney Co will also attend the hearing, according to the committee's website - RTRS.The committee was set up in February after a group of investigative journalists unveiled details of tax deals that helped hundreds of multinationals slash their tax bills to minimal amounts - RTRS.  Full Article

The Coca-Cola Co - China environment bureau says Coca-Cola bottling plant falsified pollution data - RTRS
Wednesday, 21 Oct 2015 02:09pm EDT 

The Coca-Cola Co:An environmental protection bureau in northwest China said police temporarily detained an executive at a Coca-Cola Co bottling facility in Gansu province after they found the facility had falsified pollution data - RTRS.In a report on its website, the Lanzhou city office of China's Environmental Protection Bureau said authorities found Gansu COFCO Coca-Cola Beverage Co Ltd had tampered with data by altering the way it sampled and monitored its sewage output - RTRS.The news was carried by local media outlets on Thursday - RTRS.Police detained at least one of the facility's executives for five days earlier this month as punishment, the Lanzhou environmental bureau's statement said - RTRS.Coca-Cola officials did not respond to repeated telephone calls and emails seeking comment. Calls to the Gansu facility, part of a joint venture between Chinese food processor COFCO Corp and Coca-Cola, went unanswered - RTRS.Companies have been scurrying to boost their environmental credentials after China introduced tougher regulations this year to combat the country's unwanted image of smog-choked cities, fouled waterways and heavy-metal tainted soil - RTRS.  Full Article

Coca-Cola Co announces letters of intent with three U.S. Bottlers to grant expanded distribution territories in seven states
Wednesday, 21 Oct 2015 07:52am EDT 

Coca-Cola Co:Announces letters of intent with three U.S. Bottlers to grant expanded distribution territories in seven states.Says financial terms were not disclosed.Says in each territory, Co will grant exclusive rights to these bottlers for sale, distribution of bottler-delivered coca-cola beverages.  Full Article

The Coca-Cola Co reaffirms FY 2015 EPS guidance
Wednesday, 21 Oct 2015 07:30am EDT 

The Coca-Cola Co:Expects FY 2015 comparable currency neutral EPS growth of 5 pct., in line with the range laid out at the beginning of the year.  Full Article

the Coca-Cola Co declares regular quarterly dividend
Thursday, 15 Oct 2015 02:15pm EDT 

the Coca-Cola Co:Declared a regular quarterly dividend of 33 cents per common share.Payable Dec. 15, 2015 to shareowners of record as of Dec. 1, 2015.  Full Article

BRIEF-Coca-Cola says lower-volume brands and packages could be temporarily unavailable in Vermont

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