Coca-Cola Continues Solid Growth in Third Fiscal Quarter

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Coca-Cola Company (NYSE:KO) (Atlanta, Georgia) reported strong earnings and sales results for the third quarter of the company's 2010 fiscal year. The company's net income for the quarter, which ended October 1, was $2.06 billion, up 8% from the same period last year. Total worldwide sales volume has grown 5% from last year, both in the quarter and year to date, with particularly strong growth in developing regions.

Quarterly sales volumes for the company's Eurasia & Africa segment grew 12% from last year, with Russia experiencing 30% volume growth. The region's net revenue of $624 million was up 16% from 3Q09. India, also a part of the Eurasia & Asia segment, experienced a 37% growth in volume over the prior quarter. Muhtar Kent, the chairman and CEO of Coca-Cola, commented on the company's strategy for India: "Our commitment to India is unwavering. Last month, we announced plans to invest up to $120 million in a new plant in southern India, and we are excited about the significant and sustainable opportunities this region has to offer over the long term."

Coca-Cola's Pacific segment, which includes Japan, China and the Philippines, showed 11% volume growth for the quarter. Quarterly revenues of $1.54 billion were up 21% year over year. The North American segment had net operating revenues of $2.17 billion, representing 2% growth from last year.

Industrial Info is tracking more than $55 million in projects of The Coca-Cola Company and its subsidiaries, as well as more than $20 million in projects of independent Coca-Cola bottlers. Coca-Cola North America (Atlanta), a division of The Coca-Cola Company is expanding the company's juice-bottling plant in Northampton, Massachusetts. The project, which has an estimated total investment value of $33 million, will add a 16,000-square-foot building, a new production line and loading docks to the 455,000-square-foot facility. The project, which was delayed because of financing, is tentatively scheduled to kick off this December and wrap up in May next year. Information on this and a wide range of Food & Beverage Industry projects can be found in Industrial Info's North American Food & Beverage Database.

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