Coca-Cola to develop own juice business in China
Filed Under (China Biz) by admin on 09-11-2009
Tagged Under : business in China, China, Company News
Jun. 26, 2009 (China Knowledge) – Coca Cola Co Ltd, the U.S.-based soft drink giant, plans to develop its own juice business across China following the rejection of its bid for China Huiyuan Juice Group Ltd<1886> by the Chinese government, said Doug Jackson, president of Coca-Cola China, the Shanghai Daily reported on Thursday.
The president said the company has no plans for acquisitions in the juice business and will develop its own business organically through its existing Minute Maid juice brand.
The company yesterday also inaugurated a new bottling plant in Urumqi, capital of the Xinjiang Uygur Autonomous Region, just a day after it opened its 37th bottling plant in Jiangxi Province. It has an annual capacity of 200,000 tons.
Coca-Cola is also building a plant in the Inner Mongolia Autonomous Region.
China is Coca-Cola’s third largest market after the U.S. and Mexico.
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