Coke won't raise prices

Coke won't raise prices

SYDNEY (Reuters): Soft drink bottler Coca Cola Amatil Ltd said it will not raise the prices of its smaller-sized bottles of Coke in Indonesia for the time-being, despite high inflation there.

The company also said that volumes growth from its Indonesian group was flat. A spokesman said a reference by chairman Dean Wills said in his speech to shareholders at the annual meeting referring to sales volumes growth being in line with the year ago level referred only to that country, and not to the overall group.

"We are in business in the region for the long term and have confidence that the Asian tigers will roar again once the current difficulties are resolved," Wills said.