Management Accounting Functions Of The Coca Cola company Sri Lanka
INTRODUCTION
Coca-Cola is the most popular and biggest-selling soft drink in history, as well as the best-known product in the world.
Created in Atlanta, Georgia, by Dr. John S. Pemberton, Coca-Cola was first offered as a fountain beverage by mixing Coca-Cola syrup with carbonated water. Coca-Cola was introduced in 1886, patented in 1887, registered as a trademark in 1893 and by 1895 it was being sold in every state and territory in the United States. In 1899, The Coca-Cola Company began franchised bottling operations in the United States.
Coca-Cola might owe its origins to the United States, but its popularity has made it truly universal. Today, we can find Coca-Cola in virtually every part of the world.
Coca-Cola Beverages Sri Lanka Ltd (CCBSL), located in Biyagama, is the only Coca-Cola bottling plant in Sri Lanka. It has 443 employees.
While it has been a partner in the Coca-Cola SABCO Group since 2004, its origins go back to 1955, when it was formed under the name Pure Beverages Co Ltd., through the acquisition of the Ceylon Fruit Drinks & Table Water Company. Its journey with Coca-Cola started in 1960, when a franchise agreement was signed with the Coca-Cola Export Corporation.
In 1994, the operation was purchased by Freizer & Nieve Coca-Cola (Pty) Ltd, the Singapore-based anchor bottler. The company’s name changed to CCBSL in 1999, when it was acquired by The Coca-Cola Company.
CCBSL produces and sells over 10-million unit cases of carbonated soft drinks (both still and sparkling) per annum. It operates through a countrywide distributor network, consisting of about 128 distributors.
CCBSL has notched up a number of successes, including the following:
In November 2007, CCBSL entered the still beverage market with Minute Maid Orange. It was an instant success and just six months after it was launched had already notched a market share of 23%.
Minute Maid Mango followed its popular sibling into the market in April 2009.
Sri Lankans enjoy
Coca-Cola is the most popular and biggest-selling soft drink in history, as well as the best-known product in the world.
Created in Atlanta, Georgia, by Dr. John S. Pemberton, Coca-Cola was first offered as a fountain beverage by mixing Coca-Cola syrup with carbonated water. Coca-Cola was introduced in 1886, patented in 1887, registered as a trademark in 1893 and by 1895 it was being sold in every state and territory in the United States. In 1899, The Coca-Cola Company began franchised bottling operations in the United States.
Coca-Cola might owe its origins to the United States, but its popularity has made it truly universal. Today, we can find Coca-Cola in virtually every part of the world.
Coca-Cola Beverages Sri Lanka Ltd (CCBSL), located in Biyagama, is the only Coca-Cola bottling plant in Sri Lanka. It has 443 employees.
While it has been a partner in the Coca-Cola SABCO Group since 2004, its origins go back to 1955, when it was formed under the name Pure Beverages Co Ltd., through the acquisition of the Ceylon Fruit Drinks & Table Water Company. Its journey with Coca-Cola started in 1960, when a franchise agreement was signed with the Coca-Cola Export Corporation.
In 1994, the operation was purchased by Freizer & Nieve Coca-Cola (Pty) Ltd, the Singapore-based anchor bottler. The company’s name changed to CCBSL in 1999, when it was acquired by The Coca-Cola Company.
CCBSL produces and sells over 10-million unit cases of carbonated soft drinks (both still and sparkling) per annum. It operates through a countrywide distributor network, consisting of about 128 distributors.
CCBSL has notched up a number of successes, including the following:
In November 2007, CCBSL entered the still beverage market with Minute Maid Orange. It was an instant success and just six months after it was launched had already notched a market share of 23%.
Minute Maid Mango followed its popular sibling into the market in April 2009.
Sri Lankans enjoy