Muhtar Kent, Chairman and CEO of The Coca-Cola Co., has inaugurated the opening of Coca-Cola China’s 42nd bottling plant located in Yingkou, Liaoning, the largest Coca-Cola production facility in China.
Muhtar Kent, Chairman and CEO of The Coca-Cola Co., has inaugurated the opening of Coca-Cola China's 42nd bottling plant located in Yingkou, Liaoning, the largest Coca-Cola production facility in China. Spanning an area of 170,000+ sq m (42 acres), the plant represents a $160 million investment in China and is part of a three-year, $4 billion investment plan announced last year that underscores the Coca-Cola system's confidence in China and its fast-growing beverage market.
Upon completion, this third bottling plant in Liaoning, operated by Coca-Cola Liaoning (Central) Beverages Co. Ltd., is expected to reach an annual production capacity of more than 5 billion servings of sparkling and still beverages, including Coca-Cola, Sprite, Minute Maid, and Ice Dew. Coca-Cola plans to invest in nine production lines at the new facility, with four currently in operation.
"This $160 million commitment to Yingkou is more than an investment in Coca‑Cola's expansion to capitalize on the fast-growing China market. It is also an important step by Coca-Cola to assist in the development of local communities throughout China," said Kent. "China is a vast growth market for Coca-Cola. As we work to double the size of our global business in this decade, China will play a critical role."