Beverage manufacturing giant Coca-Cola has on October 24, 2013 launched its 43rd plant in Shijiazhuang in Hebei Province. The new plant has been launched by the company’s chairman and CEO Muhtar Kent and the investment is estimated at $106 million.
The plant inaugurated at Hebei Province is part of a three-year investment plan worth $4 billion. Kent said, “Coca-Cola’s investment in China is strategically important in achieving our 2020 Vision goals and is largely possible due to our partnerships with (food-processing giant) COFCO and our other bottling partners”.
The CEO went on to say that the new plant will help the country in creating a long-term impact in the community and also contribute to a sustainable future for Heibei residents. After the United States and Mexico, China is the third-largest market for the company and accounts for 8 percent of the Coca-Cola’s volume.
The country is also one of the biggest contributors to the manufacturing giant’s goal of doubling its revenue by 2020. The company said that the new Hebei plant will implement the conservation of Coca-Cola and source-water protection plans, in addition to managing the usage of water by reusing treated wastewater. The president and chief operating officer of COFCO Coca-Cola, Zhang Jixiang said that when completed, it will become the largest of the 12 Coca-Cola bottling plants in China.
Photo Credits: Packaging gateway