The Coca-Cola Company officially announced its entrance into China’s dairy beverages market on Monday and after that the company on Friday followed with a remarkable expansion of its largest single investment for strengthening its still beverage business in China.
Coca-cola opened a bottling plant in Wuhan which is the capital of Hubei province with 600 Yuan; it will be operated by the most advanced still beverages producing technology in the Coca-cola system globally.
It’s the 39th facility to bottle Coca-cola’s products across China, and the 10th opened bottling plant for manufacturing Coke’s still Read more…
Popularity: 2% [?]
China, Coca-cola, dairy, economy, expansion, market
Beijing’s central business district plans to double in size and this plan may involve the relocation of 10,000 households. The government will expand by 3-sq km from the East Third Ring Road near Guomao to the Four Ring Road near Sihui Bridge and it will be completed in the next 6 to 8 years.
This project will attract more major multinational corporations and create 100,000 new jobs. The Chaoyang district government, which is overseeing the project, is keen to turn more Read more…
Popularity: 1% [?]
business, CBD, China, economy, expansion, government, household
After buying a 12% stake in Rio Tinto Plc in February, Aluminum Corp of China Ltd (Chalco), the largest producer of metal, said it will step up its overseas expansion to ensure sustainable growth through more access to mineral resources.
The company will jointly invest in more overseas mining projects with international mining companies. It also plans to spend 1 billion yuan on a 5% stake in a proposed project with AVIC Ⅰ’s Commercial Aircraft Co.
Chalco decides to acquire more local alumina processors, most of which are struggling as slim processing fees fail to offset increase in costs. “It’s a good time to merge with small alumina processors to expand Chalco’s processing capacity in 2008,” said Xiao Yaqing, chairman and CEO of Chalco. Chalco’s processing capacity is expected to reach 1.09 million tons in 2008, largely through mergers and acquisitions.
Chalco now is also seeking opportunities to expand into other metals such as titanium and copper since aluminum producers are supposed to diversify their businesses in the face of international competition.
Popularity: 2% [?]
Chalco, China, expansion, investment, mining
The Coca-Cola Company officially announced its entrance into China’s dairy beverages market on Monday and after that the company on Friday followed with a remarkable expansion of its largest single investment for strengthening its still beverage business in China. 