Swire Coca-Cola settles 2 B yuan project in Kunshan
Swire Coca-Cola, a major bottling partner of The Coca-Cola Company, signed an agreement on January 12 to invest 2 billion yuan in Kunshan, a county-level city in Suzhou.
The investment will make Kunshan a R&D and manufacturing base and a distribution and sales center for East China market, with an annual capacity of 1.6 million tons. The two sides will work together to support Kunshan’s plan to develop a high-end food industry hub featuring innovation-driven growth.
Kunshan has already made smooth progress towards the goal. Starbucks kicked off construction for its China Coffee Innovation Park in the city in 2020. Then Luckin Coffee broke ground on a fully automated coffee bean roasting production plant last year. Top companies such as Yizheng Food Roastery, Nissei from Japan, and Vietnam’s coffee brand Trung Nguyen have all settled in the city. A full-fledged food industry chain covering the R&D, production, sales and exhibition is gradually taking shape in Kunshan.