Food Business News - August 30, 2011 - (Page 21)

Coca-Cola, partners to invest $4 billion in China SHANGHAI, CHINA — The Coca-Cola Co. and its Chinese bottling partners will invest an additional $4 billion in China over the next three years, starting in 2012, Coca-Cola said Aug. 18. By the end of 2011, CocaCola and the bottling partners Swire Beverages Ltd. and COFCO CocaCola Beverage Co. Ltd. already will have invested more than $3 billion in China over the past three years (2009-2011). The additional $4 billion will bring total investment to $7 billion between 2009 and 2014. “China is one of our most important growth markets in the world as we work to achieve our 2020 Vision goal of doubling system revenues and servings this decade,” said Muhtar Kent, chairman and chief executive officer of Atlanta-based The Coca-Cola Co., during a visit to Shanghai. “The new investment is part of our long-term commitment to invest in innovation, partnerships and a portfolio that will enable us to grow our business in a sustainable and responsible way. “Besides our infrastructure and capabilities, the new investment will also focus on enhancing the consumer experience, ensuring product affordability and building brand loyalty which deliver sustainable growth.” He said sales in China topped 1 billion unit cases through the first six months of 2011. Five years ago Coca-Cola sales topped 1 billion unit cases in China for the full year for the first time ever. Consumption of Coca-Cola Products in China in 2011 represents about 7% of the company’s global volume. In 2011, the Coca-Cola China system already has opened a new plant in Sanshui and will open another plant in Yingkou later this year. Ground will be broken for construction of a new plant in Shijiazhuang later this year. The Coca-Cola Chinese system now operates more than 40 plants in China that employ more than 48,000 people. FBN July milk production up 0.8% WASHINGTON — Milk production in the 23 major producing states totaled 15.4 billion lbs in July, up 0.8% from July 2010, the U.S. Department of Agriculture said in its latest Milk Production report. Milk production for June was revised to 15.4 billion lbs, up 1.3% from June 2010 but a decrease of 5 million lbs from last month’s preliminary production estimate. Production per cow in the 23 major states averaged 1,824 lbs in July, down 5 lbs from July 2010. There were 8.47 million dairy cows on farms during the month, which was 93,000 head more than in July 2010 and 8,000 head more than in June 2011. FBN August 30, 2011 FOODBUSINESS NEWS ® 21

Table of Contents for the Digital Edition of Food Business News - August 30, 2011

Food Business News - August 30, 2011
Web Contents
Editorial - Food itself plays major role in demand for food
Private equity group acquires Minnesota-based candy company
F.D.A. seeks more comments on phytosterols
MegaMex acquires Fresherized Foods
Nestle updates nutrition labeling system
OpenGate Capital to acquire Dean Foods facility
Walgreens launches Nice! store brand
Hormel Foods earnings up 15% in quarter
With charges, Heinz income down 6% in quarter
Consumers dissatisfi ed with frozen meal portions
Kraft cutting coffee prices 6%
California Pizza hires G.J. Hart as president, c.e.o.
Accountability at the heart of new food safety law
General Mills, Batter Blaster win G.M.A. innovation awards
Rowland acquisition boosts Smucker earnings
Coca-Cola, partners to invest $4 billion in China
July milk production up 0.8%
Washington - ' Fit for Life' bill targets childhood obesity
Soaring egg prices, egg products still rising
Health and Wellness - From digestive health to weight management
Ingredient Innovations - Tropical assistance
New Product Trends - Natural, low-calorie refreshment
New Food Products
INGREDIENT MARKET TRENDS - Statistics Canada forecasts record canola crop
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News
Feature - Hormel Foods earnings up 15% in quarter
Feature - Natural, low-calorie refreshment
Feature - Soaring egg prices peaking, egg products still rising

Food Business News - August 30, 2011