Coke invests $239 mln for 3 new plants in China

HONG KONG, Oct 29 (BestGrowthStock) – Coca-Cola Co (KO.N: ), the
world’s largest soft-drink maker, opened on Friday three bottling
plants across China, with a combined 1.6 billion yuan ($239.3
million) investment, in a bid to cash in on one of the world’s
fastest-growing beverage markets.

The maker of Sprite, Fanta, Minute Maid and vitaminwater will
produce its beverages in the new factories in Hohhot in Inner
Mongolia, Luohe in Henan province and Sanshui in Guangdong
province.

“Our business has experienced strong growth year on year in
China, which is now our third largest market,” Coke Chief
Executive Muhtar Kent said in a statement.

The three factories will employ 2,000 people, Coke said. The
investments are part of Coke’s three-year $2 billion investment
plan in China.
($1=6.686 Yuan)
(Reporting by Sui-Lee Wee, Editing by Jacqueline Wong)

Coke invests $239 mln for 3 new plants in China