Coca Cola says to maintain $1 billion a year Mexico investment

Wed Jul 16, 2014 8:40pm EDT
 
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MEXICO CITY (Reuters) - The Coca Cola Company said on Wednesday it would maintain its roughly $1 billion a year investment in Mexico, its largest market outside the United States, until 2020.

The company, which co-owns bottler Coca Cola FEMSA, said its investment between 2014-2020 would be more than $8.2 billion, or $1.17 billion, per year.

"For the last 10 years the Coca Cola System has invested an average of $1 billion a year and we are reaffirming that promise until 2020," Francisco Crespo, president of Coca Cola Mexico said in a news release.

(Reporting by Christine Murray; Editing by Lisa Shumaker)

 
Logos are seen on Coca-Cola bottles in Zurich, February 16, 2011. REUTERS/Christian Hartmann