22 August 2015 (10:50 UTC-07 Tango 01)/31 Mordad 1394/07 Dhu al-Qa’dah 1436/09 Jia-Shen (7th month) 4713
“China is our third largest market by volume and is critically important to the future growth of our business.”-Muhtar Kent, ceo
Even with the brakes being applied to the Chinese economy United States based drink maker Coca Cola announced it is spending an additional $4-billion USD in the east Asian country.
According to Chinese news reports, the iconic ‘American’ soft drink maker has already invested $9-billion into China from 1979 to 2014.
Part of the new $4-billion investment will be in the form of a $56-million bottling plant in Hebei Province, which is hoped to have up to nine production lines pushing out 250-million ‘units’ per year!
With all the whining in the U.S. about its decaying infrastructure it should be noted that Coca Cola is happily spending its money on developing new local infrastructure within China.
DECEMBER 2014: COCA-COLA ELIMINATES 2-THOUSAND JOBS!
ICONIC COCA-COLA SAYS AMERICA IS GOIN’ DOWN!