Meanwhile, the group has successfully launched smaller 250ml cans and other “better for you” products such as Coke Life aimed at decreasing the caloric count for the more health-conscious consumers.
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“We can not settle for business as usual and the scope and the pace of our actions must change as we build a more effective and efficient organisation to drive long-term value creation”, Ms Watkins told shareholders at Coca-Cola Amatil’s annual meeting this month.
The result was weighed down by a six per cent slide in earnings from the company’s non-alcoholic beverages business in Australia, which is by far its largest division, due to weak trading conditions.
“We’re currently in a $1.2-billion (investment) program between now and 2020 in the Philippines”.
Coca-Cola officially broke ground on its 45 production facility in China this week as part of a $4 billion investment in the key market. “Not many people can sustain energy balance at a low level of physical activity (maintaining a sedentary lifestyle and eating fewer calories), as attempts to restrict calorie intake over the long term are likely to be ineffective”.
“The investment in the Philippines is quite comparable, I would say, for growing big markets”, said Bozer.
“As we continue to learn, it is my hope that our critics will receive us with an open mind”, Kent wrote.
Also, critics allege, the message may just be the result of a corrupt payoff between the beverage giant and the scientists who produced the research.
Coca-Cola chairman and chief executive officer Muhtar Kent met with President Aquino to emphasize the valuable role of the Philippine market in helping the company achieve unprecedented growth in recent years.
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“We are really proud of our relationship with the Filipino people over the 100 years we’ve been here”. The previous investment enhanced Coca Cola’s local distribution network and created more than 2,000 jobs for Filipinos, which brought the company’s total employment to more than 10,000.
