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