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Coca-Cola Says It’s In China “For The Long Term,” Coronavirus Or Not

March 15, 2020: 12:00 AM EST
Coca-Cola’s top executive for China and Korea says the company is committed to the region, no matter what happens with the coronavirus.  “We are here for the long term,” says Curt Ferguson, who notes that China is the company’s next biggest market. “We’re here to invest. We’re here to build it.” China is Coca-Cola’s third largest market in terms of unit case volume. The company sees great opportunities in this important market and will continue to invest for long-term growth, Ferguson said. The company’s annual report noted that the Covid-19 virus situation continues to evolve, “and the company expects to provide more information during its next earnings call in April.” Ferguson, president of Coca-Cola Greater China and Korea, thanked the Chinese government for their quick and decision action in tackling the coronavirus. “I just wanted to give our appreciation to all the first responders out there – the nurses and doctors that kept us all safe. You kept us strong.[Image Credit: © The Coca-Cola Company]
Dave Makichuk , "Coca-Cola boss: We’re sticking with China all the way", Asia Times, March 15, 2020, © Asia Times
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