Coke, bottler will invest $5 billion in Mexico

Coca-Cola Co. and its bottlers will invest $5 billion over the next five years in Mexico, its second-largest market behind the United States, the Atlanta-based beverage giant said this week.

Coca-Cola Chairman and CEO Muhtar Kent made the announcement at the opening of a new plant in Mexico for the company’s Jugos del Valle juice brand.

The plant, which will make juices, nectars and other non-carbonated drinks, includes 20 bottling lines and the capacity to produce 140 million cases of beverage per year. Jugos del Valle increased its distribution 15-fold after Coca-Cola purchased the company in 2007.

The $5 billion earmarked for Mexico will be used by Coca-Cola and its bottlers to “develop infrastructure, technology, equipment, social programs, environmental initiatives, marketing activities, and grow our training and product portfolios with special emphasis on job protection and family economies,” Kent said in a press statement.

About the Author

JOE GUY COLLIER

Norfolk Southern and Union Pacific shareholders OK merger. Here’s what’s next.

The proposed mega-railroad company would be headquartered in Omaha, Nebraska, sending anxiety through the company's Atlanta ranks, where Norfolk Southern is based.

Design firm chosen to turn Midtown Atlanta eyesore into high-profile park

The look and feel of a planned public park in Atlanta’s largest high-rise district is soon going to take form.

Atlanta area home prices fell in October with steep declines in some places

Metro Atlanta's median sales prices dropped in October as more inventory is on the market.

The Latest

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Credit: Bloomberg via Getty Images

Prosecutor takes helm of Georgia case against Trump. But will he move forward?

A veteran Georgia prosecutor will decide the fate of Fulton County District Attorney Fani Willis' election interference case against Donald Trump and his allies.

With some solar power tax breaks expiring, Georgians rush to catch the sun

Georgia solar installers say they’re seeing a surge of customers trying to install rooftop solar systems before federal tax credits go away at the end of the year.

‘Automatic for the People’: Weaver D’s still bonds Athens as era nears end

After feeding everyone from R.E.M. to Brian Kemp, and coining a phrase that went global, Dexter Weaver is preparing to close his storied Athens soul food restaurant.