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Coca-Cola and its bottling partner open two new bottling facilities in China

Thu. June 25, 2009; Posted: 08:30 AM
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Jun 25, 2009 (Datamonitor via COMTEX) -- KO | Quote | Chart | News | PowerRating -- The Coca-Cola Company and its bottling partner, COFCO Coca-Cola Beverages, have opened two new bottling facilities in Xinjiang and Jiangxi provinces in China.

The new facilities are testimonies to Coca-Cola's long-term commitment to China as part of a recently announced $2 billion three-year investment plan aimed at bolstering further growth in China, said Coca-Cola Company.

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 variety of service providers, the company added.

Muhtar Kent, chairman and CEO of Coca-Cola, said: "This RMB210 million ($30.1 million) investment in Jiangxi and Xinjiang represents the Coca-Cola system's strong commitment to China and to consumers throughout China including in the less developed areas in central and western China in creating job opportunities and building a better community."

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For full details on Coca-Cola Co (KO) click here. Coca-Cola Co (KO) has Short Term PowerRatings of 5. Details on Coca-Cola Co (KO) Short Term PowerRatings is available at This Link.

    


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