The Coca-Cola Co said it plans to build two plants in China this year as part of its three-year investment in the country.
Speaking at the opening of the 2010 World Exposition in Shanghai today (30 April), chairman and CEO Muhtar Kent reaffirmed the company’s long-term commitment to China.
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“We have two new bottling plants scheduled to open in 2010,” Kent told attendees. “The two new Coca-Cola bottling plants in China will open in Inner Mongolia and in the Guangdong province later in 2010.”
The firm opened an innovation centre in Shanghai and three production plants in China last year.
One of those was a still beverage production plant, which marked the company’s largest single investment in still beverage production facilities in the country at around CNY600m (US$88m).
Earlier this month, Coca-Cola also broke ground on a new plant in Henan Province, which is to become its biggest production plant in China.
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By GlobalDataIn March last year, Coca-Cola announced plans to invest US$2bn in China over three years.
“We have great confidence in the future success of China,” Kent said today, adding that it is making “strong progress” with its investment plan, which the company said will be spread across new plant and distribution infrastructure, sales and marketing, and research and development.
