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Swire Coca-Cola moves its HQ to Shanghai

Swire Coca-Cola will focus its global strategy in China and relocate its China headquarters from Hong Kong to Pudong New Area in Shanghai. The company signed a strategic cooperation memorandum with the local government on Wednesday. It will increase investment in Pudong New Area and relocate its China headquarters to there to better expand its business in China, according to the memorandum. As one of the largest Coca-Cola bottling groups in the world, Swire Coca-Cola has the exclusive right to manufacture, market and distribute products of the Coca-Cola Co in 11 provinces and Shanghai in the Chinese mainland, as well as Hong Kong, Taiwan and an extensive area of the western United States, which represents a total franchise population of 728 million.

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