Coca-Cola Company opened another bottling factory in China Thursday
The world’s largest beverage seller, the Coca-Cola Company (NYSE:KO), opened another bottling factory in China Thursday, yet another step in its $4 billion, three-year investment plan in the country.
The new plant is also Coke’s first in the key Hebei province, whose 72 million residents Coke described as one of China’s “most important growth markets.” Hebei, China’s sixth-largest province by population, has consumed 2.4 billion servings of Coke drinks, which include Fanta, Sprite, Power and Minute Maid, each year since 2008.
Both Coke and its arch-rival PepsiCo Inc. (NYSE:PEP) have counted on emerging markets like China and India, where middle classes are rapidly expanding, to grow their empires.
Read Full Article at Source: International Business Times
