Coca-Cola and its partners in China announced plans Thursday to invest four billion dollars in the country over three years starting in 2012.
The world’s leading soft drinks recall with the help of Swire Beverages and COFCO Coca-Cola Beverage, two Chinese bottlers, over three billion dollars have been invested in the last three years ended in late 2011.
In total, more than seven billion dollars that must be released by the American group over the period 2009-2014.
‘China is one of our top growth markets in the world as part of our program ‘2020 Vision’, which aims to double our sales this decade (…) “said Muhtar Kent , the CEO of Coca-Cola, during a visit to Shanghai.
In 2011, the group plans to open three new bottling plants in Sanshui (Guangdong province), in Yingkou (Liaoning) and Shijiazhuang (Hebei).
To date, Coca-Cola operates over 40 sites in China, with a workforce of 48,000 people. The consumption of Coca in the country now generates 7% of its sales volume worldwide.