The Coca-Cola Co said it will invest over $4 billion in China and build new plants between 2015 and 2017, to counter competition which is chipping away at its share of the country’s 421 billion yuan ($69.12 billion) soft drinks market.
The investment will add to the $4 billion that the world’s largest drinks maker has earmarked for China in 2012-2014, said Asia-based spokeswoman Sharolyn Choy, confirming a Bloomberg report earlier on Friday.
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Adam Jourdan, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/3MJyU4OfXXI/
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