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Swire, COFCO Announce Further Investment Plans In China

August 17, 2020: 12:00 AM EST
Two Coca-Cola China bottling partners have announced plans to further expand production capacity and build local supply chains in the country. Swire Coca-Cola (Hong Kong) plans to put six new production lines into operation, with a total investment of 250 million yuan ($36 million) and an additional annual output value exceeding 1.7 billion yuan ($245 million). The company will also add a plastic bottle production line to its plant in central China's Hubei Province, which is expected to be operational in May 2021. COFCO Coca-Cola Beverages Ltd. (Beijing), a joint venture with Coca-Cola, is building a 270 million yuan ($39 million) factory in southwestern province of Guizhou, its first in that region. The new plant, scheduled for operation by the end of 2021, will start with two advanced PET soda production lines with an annual capacity of 170,000 tons.[Image Credit: © Swire Coca-Cola HK]
"Coca-Cola continues to expand investment in China supply chain", Xinhuanet, August 17, 2020, © XINHUANET.com
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