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Coca-Cola to invest $5 bn in Mexico

Category :International Sub Category :Americas
2009-08-21 00:00:00
   Views : 320

Calderon said Coca-Cola has found 'the best investment conditions' in Mexico and that the new commitment will help revitalise the country's economy, which is reeling under recession.

The reduction in imports by the US, its No. 1 trade partner, a decline in remittances from Mexicans living abroad, and a drop in tourism due to swine flu pandemic have pushed the country into recession.

Coca-Cola has invested $200 million in the new plant in Tepozotlan which is expected to provide jobs to some 1,500 people. The plant will produce 140 million beverage crates annually.




Author :Indo Asian News Service



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