Coca-Cola Bottlers Uzbekistan (Uzbek: Coca-Cola Ichimligi Uzbekiston Ltd.) is a joint venture between the Uzbek state and the Coca-Cola Company established in 1993. The company is headquartered in Tashkent and has four production facilities: two in Tashkent, one in Namangan, and one in Urgench.[1] In 2019, the company controlled nearly half of Uzbekistan's market for soft drinks and generated revenue of UZS 1.4 trillion.[2] The Uzbek state currently owns 57.1 percent of the joint venture, with the Coca-Cola Company owning the remainder.[3]
History
Coca-Cola Bottlers Uzbekistan began production in March 1994 with an initial production target of 2.2 million gallons a year.[4] The shareholders were Roz Trading Ltd., an entity controlled by Afghan-American businessman Mansur Maqsudi, the Coca-Cola Company (via The Coca-Cola Export Corporation), and Uzpishprom, an Uzbek state enterprise.[5]