Coca-Cola to Invest $8.2 Billion in Mexico by 2020
The Coca-Cola Company and its bottling partners in Mexico are making a joint, six-year investment of $8.2 billion. The investment, which will be made from 2014 to 2020, will boost Coke’s infrastructure and production capacity in Mexico, create more jobs and drive innovation to continue expanding the beverage portfolio. This investment also will help develop new environmentally sustainable technologies and expand various social and community projects, with a special focus on promoting physical activity and well-being. It will bring the Coca-Cola system’s total investment this decade to more than $12.4 billion.
Francisco Crespo, president of Coca-Cola Mexico, says: “Coca-Cola has a long-term business plan and vision, based on our permanent investment commitment. We, as a system, have been investing an average of US$1 billion every year for the past 10 years, and we are reaffirming this commitment until 2020. This investment is our way of promoting economic growth and the sustainable development of the country, while we continue to support the creation of strategies to promote the integral well-being of the population.”
Coca-Cola, which has operated in Mexico for 88 years, is one of the country’s largest employers, generating more than 90,000 direct jobs and 800,000 indirect jobs.
