Coca-Cola to focus on 'organic' growth of juice biz in China

Fri. June 26, 2009; Posted: 02:39 AM

BEIJING, Jun 26, 2009 (Asia In Focus via COMTEX) -- KO | Quote | Chart | News | PowerRating -- COCA-COLA CO, the world's largest beverage maker, will focus on organic growth for its juice business in China and on its own juice brand, Minute Maid, a top executive said Wednesday. The company was not considering any acquisition in the juice sector after the Chinese government rejected its US$2.4 billion bid for HUIYUAN JUICE, said Doug Jackson, Coca-Cola's president for China, during the opening ceremony of a new bottling plant in northwestern China.

* Jackson said Coke had no plans to list on China's stock exchange, dismissing an earlier research note by UBS AG, which reported that the company might seek to list in the yuan-denominated A-share market.

* Coke and COFCO COCA-COLA BEVERAGES LTD, a joint venture with China's largest agriculture product enterprise COFCO, have invested more than 110 million yuan (US$16.1 million) for the bottling facility in Urumqi, the capital of the Xinjiang Uygur autonomous region.

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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