Coca-Cola opens three new bottling plants in China
The Coca-Cola Company has opened three new bottling plants, worth a combined RMB1.6bn ($240m), in China. The new investments are part of Coca-Cola’s 3-year $2bn accelerated investment in China.
The plants, which are located in Hohhot in Inner Mongolia, Luohe in Henan Province and Sanshui in Guangdong Province, will locally produce beverages such as Coca-Cola, Sprite, Fanta, and Minute Maid. The bottling plant in Hohhot, Inner Mongolia, marks the 41st Coca-Cola bottling plant in China.
The Luohe plant is said to be the largest Coca-Cola production facility in China and will begin production in November 2010. The company claims that this plant has been constructed to the Gold LEED (Leadership in Energy and Environment Design) standard, showcasing many energy and water conservation features.
The Sanshui plant is also slated to begin production by the end of 2010. These new facilities are said to increase Coca-Cola's strategic footprint in China, with the Luohe investment alone worth RMB900m.
The three plants together will directly create 2,000 additional new jobs in the local communities and approximately 20,000 additional indirect employment opportunities in the supporting industries. By the end of the year this marks six plants inaugurated over the last two years.
The Coca-Cola Company chairman and CEO Muhtar Kent said that this RMB1.6bn commitment to Inner Mongolia, Henan and Guangdong Province is more than an investment in Coca-Cola's expansion to capitalize on the fast growing China market.
Our business has experienced strong growth year on year in China, which is now our third largest market,” Kent said.
“More importantly, the new plants in Inner Mongolia, Henan and Guangdong, will extend our competitive edge in China and allow Coca-Cola to support local community development by providing jobs, generating tax revenue and boosting further investment in the local economy by Coca-Cola suppliers.
The Coca-Cola Company's brand portfolio includes Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply and Georgia.
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