Loading ...News - Coca-Cola To Invest $5.8 Billion In Brazil Through 2014
SAO PAULO -(Dow Jones)- Coca-Cola Co. (KO) will invest $5.8 billion in its operations in Brazil in 2010-2014, the company said in a press release Thursday.
The investments in the period represent an increase of 75% from the amount invested in the previous five-year period. From 2005 to 2009, the company invested $3.3 billion in its operations in Brazil.
“Brazil is one of the biggest markets for Coca Cola in the world. In the last 25 years we saw the volume of our sales in Brazil expand by about 50 times,” said Coca Cola President Muhtar Kent in a written statement.
Kent is in Brazil to inaugurate a new plant owned by Coca-Cola’s Brazilian bottled-tea unit Leao Junior. The plant is based in Curitiba, in Parana state.
Source: CNNMoney.com.
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