Coca-Cola mulls huge investment in Mexico

3 February 2012 : The Coca-Cola Co. plans to invest $1 billion (approx Rs.4,944 crore) in its operations in Mexico this year as part of a $5 billion (approx Rs.24,718 crore) long-term investment plan. Kent made the announcement in a joint appearance with Mexican President Felipe Calderon during the World Economic Forum in Davos.

Calderon has been meeting with potential investors at the gathering of the world's most powerful business leaders. Coca-Cola expects to create 10,000 new jobs in Mexico over the next five years. The Atlanta-based company currently employs 93,000 people directly and another 800,000 indirectly in Mexico, making it one of the largest employers in that country. The company has doubled the size of its product portfolio in Mexico in the past six years and now offers 60 brands and 400 products.

Source: Economic Times