Coca-Cola plans new Guizhou plant after reopening all its China plants

In April, The Coca-Cola Company has announced that all of its 45 plants in China have resumed operations. In addition, it has signed an agreement recently to establish a new plant in Guizhou province in Southwest China, which will be its 46th plant in the country.
Despite the ongoing COVID-19 pandemic, Coca-Cola is committed to developing its presence in China. At the end of March, COFCO Coca-Cola Beverages Ltd, a Coca-Cola bottling partner in China, signed an agreement with the local government of Gui’an district, located in Guiyang city, Guizhou province, to establish a new plant in Guizhou.
In addition, Coca-Cola has also launched several new beverage products in the country.
Despite being affected by the COVID-19 epidemic, Coca-Cola continued to deliver steady financial results in the 1st quarter 2020 while gaining value share in the non-alcoholic RTD beverage segment.
James Quincey, Chairman and CEO of The Coca-Cola Company said, “We are seeing encouraging signs of increased consumption as outlets reopen, resulting in sequential improvement in China. However, the consumption is still lower than the prior year and we expect a full recovery to take time, especially as there are still limits on crowd sizes.” James added, “We will follow the strategy that has proven successful before the pandemic, adjusted with greater focus on channels and packages that will have traction as the new normal unfolds.”