KO To Spend $1 Billion On Philippines Plants

Coca-Cola Company KO announced on Tuesday that it would be investing $1 billion in the Philippines. The soft drinks company plans to invest this amount over the next five years. The amount will be expended in production, distribution and new products. President of Coca-Cola Pacific Group Glenn Jordan met with Benigno Aquino Jr in New York while the Philippines President was attending the UN General Assembly. KO shares fell 0.05% to $58.57 at 9:46 am. Shares of Coca Cola have gained 7.09% in the previous month and have gained 5.37% so far this year. Read more from Benzinga's Company news.