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Coca-cola Pledges $2 Billion To Bolster Florida Citrus Industry, Attract Brazilian Grower to Sunshine State
Area Development Online News Desk (05/08/2013)
Partnering with Cutrale Citrus Juices, a Brazillan-based firm that plans to enter the Florida growers' marketplace and Peace River Citrus Products of Vero Beach, Coca-Cola committed to invest in the purchase of approximately $2 billion worth of oranges produced as part of a commitment that will enable the growers to plant 25,000 acres of orange trees in Central Florida.

Through this collaboration Coca-Cola will procure all of the fruit produced by these trees over the next 20 years. According to a 25-year study conducted by the Florida Department of Citrus, this initiative will add more than 4,100 direct and indirect jobs to the state economy in Polk, DeSoto and Hendry, Counties.

In partnership with Cutrale Citrus Juices, Coca-Cola purchases nearly a third of all Florida oranges grown by more than 400 local growers. The Company continues to expand its juice offerings, in both the Minute Maid and Simply brand portfolios, to provide people with great-tasting, high quality juices and juice drinks.

The Coca-Cola Company said it encourages its partners to use sustainable, responsible agricultural management practices. Initiatives that reduce the amount of pesticides and fertilizers and the volume of water used to grow crops limit the impact on local communities. For this citrus planting project, Cutrale and Peace River will implement agricultural practices that lessen the use of local water resources. For example, they will capture and reuse rainwater for irrigation. Peace River will also utilize a high-efficiency, micro-jet irrigation system that requires 50 percent less groundwater. Cutrale will employ water efficiency methods and help control water use through a soil moisture monitoring process.

“Water is one of our most precious natural resources and we are committed to leveraging technology to help us implement sustainable agricultural practices throughout our groves,” said Bill Becker, President of Peace River Citrus Products.

“Coca-Cola’s commitment to purchase all of the fruit from the new groves enables us to play a role in helping restore Florida’s citrus industry with the largest planting of orange trees in 25 years,” said Jose Luis Cutrale, Chief Executive Officer of Cutrale Citrus Juices.

“Citrus is synonymous with Florida, but the industry has faced many challenges in recent years, particularly the growing threat of citrus greening,” a bacterial disease that causes citrus trees to produce misshapen and bitter fruit, said Florida Commissioner of Agriculture Adam Putnam. “With Coca-Cola’s generous investment towards supporting 25,000 acres of new orange groves in Central Florida, the citrus industry and our state’s entire economy will benefit.”

“Since purchasing Minute Maid in 1960, Coca-Cola said it has played an active role in the Florida citrus industry . The Company operates 26 facilities in Florida, employing 6,100 associates. Over the last five years, the Coca-Cola Company has invested more than $400 million in its operations throughout the state. Most recently, the Auburndale facility, which produces Simply juices, underwent a significant expansion. Adding a new production line and increased warehouse space, this multi-million dollar project created 129 new jobs, bringing the total number of facility employees to more than 500.

“The Coca-Cola Company is proud to be part of this investment in Florida and its citrus industry. A thriving Florida citrus industry is critical to helping us build our Simply and Minute Maid juice brands,” said Steve Cahillane, President, Coca-Cola Americas. “Through viable partnerships and meaningful investment with Cutrale and Peace River, we together will foster sustainable, responsible growth in Florida. This is good news for the state’s citrus industry, our business and the communities we serve.”


 
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