Coca-Cola invests $140 million to build a factory in China
Swire Coca-Cola Co., Ltd., one of Coca-Cola's bottling companies, announced that it has invested at least 900 million yuan (about 139.68 million US dollars) to build a new factory in Zhengzhou, capital of central China's Henan Province.
Andy Xu, general manager of Swire Coca-Cola, said that the plant, with an area of 124,000 square meters, will be operational within two years, with a maximum annual production capacity of one million tons.
"Swire Coca-Cola is paying close attention to the dynamic and rapidly developing market in China," said Karen Su, managing director of the company. Political support, smooth development and buoyant domestic demand have been the magnets for the company to focus its strategic interests on China.”
In the next five years, the company will invest more than 5.5 billion yuan in factory infrastructure in China.
It plans to add about 20 production lines and continue its investments in sustainable development projects in the sectors of new products, reducing carbon emissions and saving water.
Swire Coca-Cola has 18 plants on the Chinese mainland.
Follow our latest local and sports news and the latest political and economic developments via Google news