Coca-Cola Company (KO) may increase its spending in China, according to CEO Muhtar Kent.
Coke, the world’s largest beverage company, will likely spend “a little more” than the $2 billion it had planned for China from 2009 to 2011, Kent told Bloomberg News.
“We’re ahead of our projections in investments,” Kent said.
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China’s soft-drink market grew 11% in 2009, according to Euromonitor…
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Coca-Cola May Boost Investment in China originally appeared on DailyFinance on Mon, 01 Nov 2010 06:29:00.
Filed Under: Company News, Coca-Cola Company, Retail