CHINA: COFCO Coca Cola to invest in new plant
COFCO Coca Cola is to build a new bottling plant in the north-west of China. The company, a joint venture between China's COFCO and Coca Cola China, plans to invest US$12m in the new plant in Gansu province.
The timetable for operation and targeted capacity have yet to be announced. The factory will help the company target China's western market including Gansu, Qinghai, Xinjiang, Ningxia and Tibet provinces, and will be an addition to COFCO Coca Cola's other plants in Tianjin, Hainan, Hunan, Jinlin and Guangdong provinces.
COFCO Coca Cola is 65%-owned by COFCO International Beverages Division. It is Coca-Cola's first joint venture in China in which a local firm holds a majority stake.
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