Coca-Cola to Invest $1bn in Mexico

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 said.

Kent made the announcement in a joint appearance with Mexican President Felipe Calderon during the World Economic Forum in Davos. Coca-Cola expects to create 10,000 new jobs in Mexico over the next five years, Kent said.

The Atlanta-based company currently employs 93,000 people directly and another 800,000 indirectly in Mexico, making it one of the largest employers in that country.

Coca-Cola has doubled the size of its product portfolio in Mexico in the past six years and now offers 60 brands and 400 products.