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Coca-Cola is trying to maintain growth as consumers face higher gas and grocery prices. View More
In this articleMNSTKOFollow your favorite stocksCREATE FREE ACCOUNT This view shows bottles of regular Coca-Cola soda displayed for sale on shelves at a Walmart store in Mexico City on October 27, 2025. Yuri Cortez | Afp | Getty ImagesRob Gehring, the head of Monster Energy's Americas business, will leave to run Coca-Cola's North America unit, the companies said Friday.He will take over the position on Dec. 1. The move comes as Coke tries to maintain growth while U.S. consumers cut back on spending in the face of higher gas and grocery prices. Despite those dynamics, the beverage giant posted net sales growth of 7% in the second quarter, as volume â a key measure of demand â rose 3% in North America. Though Monster Energy parent Monster Beverage is considerably smaller than Coke, its sales have soared in part due to innovation in the energy drink space. The company reported net sales growth of 20% in its second quarter.Coke is also investing in developing new beverages beyond its core soda offerings, including refreshers and dirty sodas.Gehring, 59, took on his previous role at Monster in February after serving as chief growth officer since 2024. In a press release, Coke said he was "part of the leadership team that drove the company's growth agenda and modernized commercial capabilities."Before joining Monster, Gehring was CEO of Swire Coca-Cola USA, a major bottler of Coke products in the western U.S.Coke shares have climbed more than 25% this year, while Monster's stock has risen more than 12%. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The extension comes as Tata Steel and the Dutch government seek clarity on several issues that could influence the project’s long-term financial viability, operational feasibility and investment timeline. View More
The five-month extension gives Tata Steel and Dutch authorities more time to address outstanding issues and work towards an integrated health and decarbonisation project View More
Tata Steel has announced a five-month extension of its sustainable steel production agreement with the Province of North Holland. This extension will allow further discussions to address outstanding matters necessary for a final investment decision. The Green Steel Project aims to achieve healthier and cleaner steel production while improving the living environment. Additionally, Tata Steel is focusing on the safe closure of its coke and gas plants. View More
London: Tata Steel on Friday announced the extension of a sustainable steel production pact with a province in the Netherlands, which will work to meet the Indian steel giant's goals as part of a Green Steel Project . Tata Steel originally signed a Joint Letter of Intent (JLoI) with two key Dutch ministries and the Province of North Holland in September 2025. Also Read: Value addition key for Tata Steel as prices fall and costs increase The company said the five-month extension agreed this week is intended to allow the parties more time to address topics that are necessary to reach a final tailor-made agreement and to come to a final investment decision. "The Ministry of Economic Affairs and Climate, the Ministry of Infrastructure and Water Management, the Province of North-Holland, Tata Steel Nederland and Tata Steel Limited have agreed to extend the JLoI by five months until 1 March 2027," Tata Steel said in a statement. Live Events "The extension will provide the parties with additional time to address a number of outstanding matters and work towards a realistic approach to the integrated health and decarbonisation project . "The shared ambition remains unchanged. The Green Steel-Project recognises the economic importance of steelmaking to the Netherlands and aims to achieve sustainable, healthier, cleaner and future-proof steel production in IJmuiden and an improved living environment," it said. Tata Steel Nederland said it is exploring options for the "safe, responsible and controlled" closure of both its coke and gas plants and is engaging with the Province of North-Holland and the country's Environmental Agency on this matter. It added: "At the same time, efforts between involved parties continue to progress a solution for steel slag. The Dutch regulatory framework governing the production, storage and transportation of steel slag has become increasingly complex, with implications for steelmaking given that steel slag is an inherent result of the steel production process. Also Read: Tata Steel seeks fresh UK government funding as Port Talbot EAF project faces delays: Report "A sustainable and workable solution is therefore required to provide the regulatory certainty and clarity needed to support future investment decisions." The project's long-term financial and operational viability, including network tariffs and evolving regulatory and market conditions such as the recent revision by the European Commission of the timetable for the phase-out of free CO₂ allowances, are among the topics under discussion. The Dutch arm of Tata Steel noted that as the basic engineering phase approaches completion, it is working on "optimisation and prioritisation" on the spending and execution of the Green Steel Project. "An agreement of this scale and complexity requires careful development and consideration prior to arriving at a definitive project timeline," it stated. In the meantime, Tata Steel Nederland said it is making progress implementing its cultural transformation programme, improving management, governance and compliance functions. Key procedures have also been initiated, including the "wind barrier, coverages, and the Green Steel Project installations". .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
German Green Steel and Orient Cables were fully subscribed on Day 1, while Runwal Enterprises and Ace Vector saw a modest response View More
But weakness in the construction sector and China’s property sector downturn will cap steel offtake, say analysts View More
China’s manufacturing of steel dropped 3.7% in August, while world output dropped 0.7% during January-August View More
Four IPOs are set to open for public subscription on 25 September, seeking to raise ?1,776 crore. The IPOs span real estate, steel, networking, and digital commerce, closing on 29 September. Subscriptions on Day 1 show varied interest across sectors. View More