American beverage giant, Coca-Cola has recorded a strong 4 per cent increase in revenues to $11.46 billion during the fourth quarter.
The company managed to record an increase in sales even as it faced volatile foreign exchange rates, reduced demand for carbonated beverages and weak market conditions in Europe and China. The net income of the company increased to $1.87 billion or 41 cents during the quarter compared to $1.66 billion or 36 cents recorded in the same quarter of the previous year.
Davos, Jan 30 : The Coca-Cola Co. plans to invest $1 billion in its operations in Mexico this year as part of a $5 billion long-term investment plan, CEO Muhtar Kent has said.Kent made the announcement in a joint appearance with Mexican President Felipe Calderon during the World Economic Forum in Davos.
Calderon has been meeting with potential investors at the gathering of the world's most powerful business leaders.Coca-Cola expects to create 10,000 new jobs in Mexico over the next five years, Kent said.