.gif)
Marketing & Media trends
Industry trends
BizTrends Sponsors
Coca-Cola to invest USD5bn in India by 2010
NEW YORK, USA: Coca-Cola and its local bottlers said Tuesday they intend to invest US$5 billion in India by 2020 - $3 billion more than originally planned - after posting major growth there earlier this year.
The investment should enable the group to double its sales in the country by the end of the decade, CEO Muhtar Kent said in a company statement.
Coca-Cola was first allowed into India in 1993, a move that signaled the opening of the now fast-growing Asian economy.
The boost in investment announced Tuesday, 26 June, represents a major expansion for the company, which has invested just $2 billion in India in the last 19 years.
The country is already one of the top ten largest markets for Coca-Cola.
Surging sales in emerging markets like India, China and Brazil gave earnings at Coca-Cola a solid boost in the first quarter of this year, the company said in April.
Net income for the quarter to 30 March was up 8% to $2.07 billion from $1.92 billion in the year-earlier quarter.
Earnings per share jumped 9% to 89 cents from 82 cents.
The Atlanta, Georgia-based company said global volume and value share grew across its entire range of non-alcoholic drinks.
Volume growth was a hot 20% in India and nine percent in China, while in mature markets it was steady - 2% in North America, and 3% in both Germany and Japan.
The growth was strongest in its still beverage divisions, which include bottled water, bottled and canned coffee and tea, and sports and energy drinks.
The world's leading producer of non-alcoholic popular beverages includes the brands Coke, Fanta, Sprite, Vitaminwater, Powerade, Minute Maid, and Del Valle.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
