Coca-Cola to spend $5 billion in Mexico for expansion

Coca-Cola to spend $5 billion in Mexico for expansionThe Coca-Cola Company plans to spend $5 billion over the next five years in Mexico to boost its presence in the country.

It should be noted that Mexico ranks 2nd after US in market share of the company.

According to company officials, the new investment would go toward infrastructure, technology, equipment, social programmes, environmental initiatives, marketing and training, with a special emphasis "on protecting employment".

Recently, the company has invested $200 million in its new plant situated at Tepozotlan, which will produce 140 million beverage crates annually. The facility is expected to provide jobs to some 1,500 people.