Global soft drinks giant Coca-Cola and its bottling partners have announced plans to invest US$75.3 million (520 million yuan) on new production lines and a factory in China.
This investment follows the announcement of the company’s positive results on the second quarter of 2020 in the Chinese market.
The investment plan will be divided into two projects during 2020 and the following year.
Swire Coca-Cola China, one of the bottling partner of Coca-Cola, is to invest US$36.2 million in the construction of six new production lines, estimating the output of US$ 246 million worth of soft drinks per year, while COFCO Coca-Cola Beverages, the other bottling partner is to invest $US39.1 million in the construction of a new factory located in the Chinese province of Guizhou
According to sources, with this investment Coca-Cola intends to “improve efficiency, ensure supply and meet evolving consumer demands”.