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Coca-Cola breaks ground on $56m production facility in Hebei Province, China

DBR Staff Writer Published 24 August 2015

Global beverages giant Coca-Cola has started construction of its 45th production facility in Hebei Province, China, with an investment of $56m.

facility

The facility is being developed as a part of the company's plan to invest $4bn by 2017 to double its global revenues to $200bn in the ten years to 2020.

The facility will feature four production lines which will add 100 million unit cases to existing annual production capacity in northern China, upon completion of first phase in 2017.

The plant is expected have production capacity of up to 250 million unit cases of sparkling and still beverages.

Coca-Cola chairman and CEO Muhtar Kent said: "China is our third-largest market by volume and is critically important to the future growth of our business.

"Apart from infrastructure and system capability building, the new investments will focus on enhancing consumer experiences through improved marketing and local activations with our loyal retail partners."

Coca-Cola said it will invest in production, distribution, marketing and more, along with its local bottling partners including COFCO Coca-Cola Beverages, Swire Beverages and Coca-Cola Bottling Investments Group China.

The company, which posted 6% growth in the second quarter, has started construction on another new plant earlier this month in Changsha, Hunan Province.


Image: Coca-Cola CEO Muhtar Kent during ground break ceremony of new plant in Hebei Province, China. Photo: courtesy of THE COCA-COLA COMPANY.