Coca-Cola to invest $4bn in China between 2015-2017
Global beverage major Coca-Cola is set to invest over $4bn in China between 2015-2017, in a move to meet the increasing consumer demand and competition.
The American soda maker will construct manufacturing facilities, introduce new products and is also geared up for acquisitions in the country, reports Bloomberg.
Coca-Cola Greater China and Korea business unit president David Brooks was quoted by the site as saying that the company may consider deals with complementary businesses, such as makers of juices or plant-protein drinks like almond milk.
"You will see an absolute increase in investment on an annual basis and on a three-year basis," added Brooks.
Coca-Cola, along with its bottlers, is planning to double global revenues to $200bn over the next 10 years to 2020, by boosting investment in China.
As part of the investment plan, the company will invest more than $40m in a new pulp blending plant in Shanghai, while introducing new Chinese-style beverages made with wolf berries and herbal ingredients.