Mexico announced Coca-Cola Co.’s investment of over US$1 billion after meeting recently with Coca-Cola chief executive Muhtar Kent in Davos, Switzerland. Mr. Kent stated the investment is part of a five-year plan in which the company expects to invest a total of US$5 billion in Mexico.
As part of the investment, Coca-Cola Co. plans to increase its number of workers by an estimated 800,000 additional jobs, which would be generated via the company's supply and distribution channels.
"Without a doubt, this important investment will boost our economy and will create more and better jobs for Mexican workers," a prominent Mexican official said.
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