Coca-Cola says it will maintain its roughly US$1B/year investment in Mexico, its largest market outside US, until 2020

Nevin Barich

MEXICO CITY , July 17, 2014 (Thomson Reuters Corp.) – The Coca Cola Company said on Wednesday it would maintain its roughly $1 billion a year investment in Mexico, its largest market outside the United States, until 2020.

The company, which co-owns bottler Coca Cola FEMSA, said its investment between 2014-2020 would be more than $8.2 billion, or $1.17 billion, per year.

"For the last 10 years the Coca Cola System has invested an average of $1 billion a year and we are reaffirming that promise until 2020," Francisco Crespo, president of Coca Cola Mexico said in a news release.

(Reporting by Christine Murray; Editing by Lisa Shumaker)

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