CHINA: Coca-Cola Co opens biggest China bottling plant
The Coca-Cola Co has opened its biggest plant in China in Yingkou
The Coca-Cola Co has opened its biggest bottling plant in China, its 42nd in the country.
The US$160m facility, in Yingkou, Liaoning, is part of an ongoing three-year $4bn investment by Coca-Cola in China, one of its fastest-growing markets. The plant spans an area of around 170,000 sqm (42 acres) and is the firm's third bottling facility in the north-east province of Liaoning.
The site is expected to reach an annual production capacity of around 5bn servings of sparkling and still drinks, including Coca-Cola, Sprite, Minute Maid and Ice Dew.
The plant will create 500 jobs and generate an additional 5,000 job opportunities in "supporting industries", the company said.
Speaking at the opening of the plant, Muhtar Kent, Coca-Cola's chairman & CEO, said: “This $160m commitment to Yingkou is more than an investment in Coca-Cola's expansion to capitalise on the fast-growing China market.
“It is also an important step by Coca-Cola to assist in the development of local communities throughout China."
Last year, the company's volume sales in China rose by 13% and have posted double-digit growth in nine of the last 10 years. Consumption of Coca-Cola products in China now represents around 8% of the company's global volumes.
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