Coca-Cola Accelerates Expansion in China
The Coca-Cola Company and its bottling partner, COFCO Coca-Cola Beverages Ltd., continue their expansion in China with the opening of two new bottling facilities this week in less developed central and western China. The new facilities are part of Coca-Cola's long-term commitment to China as part of a recently announced USD 2 billion 3 year investment plan aimed at bolstering further growth in one of the world's largest and fastest growing beverage markets.
From today consumers in China's westernmost province, Xinjiang, will be able to consume locally-produced Coca-Cola products with the establishment of the new COFCO bottling plant, located along the historic Silk Road. The bottling facility will provide a strategically important platform for continuous growth of Coca-Cola in the Northwestern China where Xinjiang, with over 20 million consumers, is the largest province.
Yesterday, The Coca-Cola Company and COFCO officially opened another new bottling plant in China. Located in Nanchang, Jiangxi Province, this plant will provide Coca-Cola products to the 44 million consumers in this central province of China.
The new investment has directly created 796 new jobs at the two bottling plants, and is more broadly expected to create an additional 8,000 jobs with upstream suppliers and a wide variety of service providers.
From today consumers in China's westernmost province, Xinjiang, will be able to consume locally-produced Coca-Cola products with the establishment of the new COFCO bottling plant, located along the historic Silk Road. The bottling facility will provide a strategically important platform for continuous growth of Coca-Cola in the Northwestern China where Xinjiang, with over 20 million consumers, is the largest province.
Yesterday, The Coca-Cola Company and COFCO officially opened another new bottling plant in China. Located in Nanchang, Jiangxi Province, this plant will provide Coca-Cola products to the 44 million consumers in this central province of China.
The new investment has directly created 796 new jobs at the two bottling plants, and is more broadly expected to create an additional 8,000 jobs with upstream suppliers and a wide variety of service providers.