Loading ...News - Coca-Cola Eyes BRL1.75 Billion Investment In Brazil
SAO PAULO -(Dow Jones)- Coca-Cola Brasil said it plans to invest a record 1.75 billion reals ($764 million) in Brazil in 2009, a 16.6% increase from last year, the local Estado newswire reported Thursday.
- Coca-Cola: Investing hard in Brazil
Part of the money will go to building two new manufacturing and bottling plants.
Coca-Cola brought in R$ 15 billion from its Brazil operations in 2008, 25% more than its 2007 revenues. The company’s sales volume rose 7% last year, greater than the company’s average growth in markets worldwide, Estado reported.
The company’s local chief executive, Xiemar Zarazua, said the global credit crisis hasn’t impacted Coca-Cola in Brazil.
“We are very confident in our long-term planning and in the Brazilian market,” Zarazua told Estado during his first press conference on Thursday.
Source: CNN.
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