China: Coca-Cola to invest $75 million in new production facilities

Global soft drinks giant Coca-Cola and its bottling partners have announced plans to invest $75.3 million on new production lines and a factory in China, according to a FoodBev report.

Swire Coca-Cola China, one of Coca-Cola’s bottling partners, is said to be investing $36.2 million in six new production lines, creating an estimated output of $246 million worth of soft drinks per year, while COFCO Coca-Cola Beverages, another bottling partner, is to invest $39.1 million in a new factory located in the Chinese province of Guizhou.

The investment will enable Coca-Cola to “improve efficiency, ensure supply and meet evolving consumer demands”, according to sources. The investment plan will be divided into two projects, which will be carries out during 2020 and 2021.

This investment reportedly follows “positive results” for Coca-Cola in the Chinese market in the second quarter of 2020.

 

Sources: FoodBev