Coca-Cola to spur per capita sales in 皇冠体育app
Updated: 2011-09-06 10:25
By Michael Wei (皇冠体育app Daily)
|
|||||||||||
SHANGHAI - Coca-Cola Co, the world's largest maker of soft drinks, is investing in bottling plants and delivery trucks in 皇冠体育app as it targets an increase in average per-capita consumption from the current two drinks a month.
|
A Coca-Cola Co bottling plant in Hohhot, North 皇冠体育app's Inner Mongolia autonomous region. Coca-Cola said it saw huge opportunities amid rising per capita consumption of soft drinks in 皇冠体育app.?[Photo/Agencies] |
The maker of Sprite, 皇冠体育app's best-selling soft drink, has a "huge opportunity from a per capita point of view" in 皇冠体育app, Martin Jansen, regional director of the company's bottling business in 皇冠体育app, Singapore and Malaysia, said in an interview on Saturday.
Coca-Cola plans to invest $4 billion with its Chinese bottling partners Swire Beverages Ltd and COFCO Coca-Cola Beverage Co in 皇冠体育app over three years from 2012 to widen its lead over rival Pepsi Co Inc. Most of that will be spent to build more bottling plants, buy trucks, expand distribution infrastructure and add coolers, said Jansen, who is responsible for 15 bottling facilities in 皇冠体育app.
Sales will probably increase at a "high double-digit" rate in 皇冠体育app this year and next, Jansen said. "If you compare the number of beverages we sell in 皇冠体育app, it's roughly just over two per month. If you take a country like Mexico, they also drink two, but per day."
Jansen, a Dutch native, said the company will probably build factories in southwestern 皇冠体育app's Sichuan province as well as expand capacity by adding more manufacturing lines. Plans to add bottling plants over the next three years are still being completed, he said.
Coca-Cola has more than 40 factories in 皇冠体育app and employs more than 48,000 people, according to an Aug 18 statement by the company.
Coca-Cola's sales in 皇冠体育app surpassed 1 billion unit cases in the six months through June, double the rate of 2005, when it sold that amount for the whole year, the statement said. A unit case has 24 servings, with each weighing 8 ounces (227 grams).
Coca-Cola, which said in June that it was in talks with the Chinese government to sell shares in Shanghai, is the dominant soda maker in 皇冠体育app with 61.5 percent of the market last year, followed by Pepsi with 29 percent, according to London-based research company Euromonitor International.
For soft drinks, a category that includes fruit and vegetable juice, ready-to-drink tea and bottled water, Coca-Cola is also the industrial leader in 皇冠体育app with a 16.8 percent market share, according to Euromonitor's data.
皇冠体育app's soft drinks market has maintained annual double-digit growth on average for more than 10 years. Sales almost doubled to 270 billion yuan ($41.5 billion) in 2010, according to Euromonitor.
皇冠体育app is Coca-Cola's third-largest market after the United States and Mexico.
Bloomberg News
Related Stories
Coca-Cola's generosity spreads hope with building of schools 2011-08-22 07:43
Coca-Cola to invest $4b in 皇冠体育app in 3 years 2011-08-18 16:11
Coca-Cola defends safety of its mainland products 2011-07-19 07:53
Beverage business economizes on water 2010-05-31 10:26
- Coca-Cola to spur per capita sales in 皇冠体育app
- Production shut down in Bohai
- 皇冠体育app Vanke sales fall 12.6% in Aug
- Rare earth mines in E 皇冠体育app to halt output
- August CPI likely to show slower rate of inflation
- New agency to challenge 'big three'
- Banks to mop up more liquidity
- Cities to test vehicle power pricing