Headline: Coca-Cola to invest $4 billion more in China starting 2012
Coca-Cola (NYSE:KO - News), the world's largest soft drinks producer said on Thursday it will invest $4 billion more in China over the next three years starting from 2012.
By the end of 2011, Coca-Cola and its China bottling partners would have invested more than $3 billion in the country over the last three years, bringing the total investment to $7 billion by the end of 2014.http://www.blogger.com/img/blank.gif
"China is one of our most important growth markets in the world," said Muhtar Kent, Coca-Cola's chief executive, in a statement.
"The new investment is a part of our long-term commitment to invest in innovation, partnerships and a portfolio that will enable us to grow our business in a sustainable and responsible way," Kent said.
Kent told Xinhua in an interview that the investment will be used to expand the company's product lines, infrastructure and distribution systems as well as invest in cold drinks equipment.
Source: finance.yahoo.com
