Malaysia New Home For Coca-Cola Plant
03/17/2010
The expansion results from Coca-Cola's "amicable separation" from longtime bottler Fraser and Neave of Singapore, according to Glenn Jordan, president of Coca-Cola's Pacific Group. The contract, worth $127 million per year, will expire in September 2011. Coca-Cola will use a third of the $302 million investment for an eco-friendly plant in the southern Malaysian state of Negeri Sembilan.
International sales boosted Coca-Cola's fourth quarter profits by 55 percent, the company said last month. Asia accounts for 18 percent of Coca-Cola's global sales, and the company expects Asia to be its biggest driver of growth this decade.
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