Global beverage giant Coca-Cola recently released its 2014 second quarter and year-to-date 2014 operating results. The company’s second-quarter global unit case volume increased by 3 percent, as growth of sparkling beverages worldwide accelerated to 2 percent in volume. Despite relatively modest development in the worldwide beverage market, Coca-Cola has gained market value share in the nonalcoholic ready-to-drink beverages sector…Full Article: The Global Times Aug 2014

Key Point

  • In China, Sprite, Coca-Cola, and Fanta were the primary drivers of growth for the company. In March 2014, the company launched “Schweppes +C”, a lemon-flavored sparkling beverage.

ChinaAg Comments

  • As of 2014, Coca-Cola has 43 factories in China and has invested US$9 billion in the country since 1979.
  • In June 2014, Coca-Cola began construction in Harbin, Heilongjiang province, on a factory will that have nine production lines (sparkling and still beverages) and a total capacity of 1.2 million ton per year. The first phase of construction is expected to be completed in 2016.
  • In 1994, Coca built its first factory in Heilongjiang province in Harbin’s Economic-Technological Development Zone and as of 2014, the factory has three production lines (including Coca-Cola, Sprite, Fanta and Ice Dew) and a capacity of 190,000 tons per year.

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