The Coca-Cola Co will report its year-to-date results tomorrow. Here, just-drinks takes a look at the company’s highs and lows in the three months to the end of September:
- At the start of the quarter in July, Coca-Cola announced it had started construction on a US$100m plant in Harbin in China’s north-east. It will be the company’s second site in the city.
- Coca-Cola was one of 26 US firms that in July committed to a new US Government initiative aimed at paying small firms down the supply chain faster.
- On 16 July, the company pledged to invest $8.2bn in Mexico over the next six years. The announcement came as Coca-Cola volumes in Mexico took a slight hit because of the introduction of a MXN1 (US$0.08) per litre tax on “sugar-sweetened” beverages in January.
- In August, the company said it was to reverse a decision to mix stevia into its Vitaminwater recipe in the US after a social media backlash that accused the new product of having a strange taste.
- Also in August, Coca-Cola pledged to invest a further US$5bn in Africa over the next six years, bringing its total commitment to the continent since 2010 to $17bn.
- On 12 August, the company confirmed it had held “exploratory” talks with officials over expanding its operations in the Indian state of Telangana.
- A few days later it was revealed that Coca-Cola had agreed to pay $2.15bn for a 16.7% stake in Monster Beverage Corp. Under the terms of the deal, Coca-Cola will transfer ownership of its energy business to Monster and take control of Monster’s non-energy brands.
- At the end of August, Coca-Cola said it had settled a class action lawsuit on its Vitaminwater brand in the US, claiming it “made no sense” to extend the legal fight.
- In September, the company announced it was relaunching its citrus-flavoured CSD brand, Surge, in the US 12 years after it was pulled from the market.
- At the end of the month, Coca-Cola unveiled plans to launch Coca-Cola Zero in India, upping the no-calorie brand’s presence to 149 countries.
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