Muhtar Kent, Chairman and CEO of The Coca-Cola Co., has inaugurated Coca-Cola China’s 43rd plant in China and its first in Shijiazhuang, Hebei.
Muhtar Kent, Chairman and CEO of The Coca-Cola Co., has inaugurated Coca-Cola China’s 43rd plant in China and its first in Shijiazhuang, Hebei. The new plant represents a $106 million investment and is part of a greater three-year, $4 billion current investment plan for 2012–2014 that underscores Coca-Cola’s continued confidence in and commitment to China.
“Coca-Cola’s investment in China is strategically important in achieving our 2020 Vision goals, and largely possible due to our partnerships with COFCO and our other bottling partners,” said Kent. “This new plant in Shijiazhuang will help Coca-Cola create a lasting positive impact in the community and contribute to a sustainable future for the people of Hebei.”
The 170,000-sq-m plant begins bottling with both sparkling and still beverage lines producing Coca-Cola, Sprite, Fanta, and Minute Maid. Three additional lines will be installed over the next few years. With a population of more than 72 million, Hebei province has become one of the country’s most important growth markets.