Coca Cola says to maintain $1 billion a year Mexico investment

MEXICO CITY Wed Jul 16, 2014 8:40pm EDT

Logos are seen on Coca-Cola bottles in Zurich, February 16, 2011. REUTERS/Christian Hartmann

Logos are seen on Coca-Cola bottles in Zurich, February 16, 2011.

Credit: Reuters/Christian Hartmann

MEXICO CITY (Reuters) - The Coca Cola Company said on Wednesday it would maintain its roughly $1 billion a year investment in Mexico, its largest market outside the United States, until 2020.

The company, which co-owns bottler Coca Cola FEMSA, said its investment between 2014-2020 would be more than $8.2 billion, or $1.17 billion, per year.

"For the last 10 years the Coca Cola System has invested an average of $1 billion a year and we are reaffirming that promise until 2020," Francisco Crespo, president of Coca Cola Mexico said in a news release.

(Reporting by Christine Murray; Editing by Lisa Shumaker)