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Xiangjiang New Area nets first major investor 2015-08-25
COFCO Coca-Cola Beverages to build bottling plant in Central China's economic development area The first State-level new area in Central China recently attracted its first investment from a Global Fortune 500 enterprise. COFCO Coca-Cola Beverages Ltd signed a contract with the Wangcheng Economic Development Zone, part of the Xiangjiang New Area in Changsha, Hunan province, on June 18 to build a bottling plant. COFCO Coca-Cola Beverages invested 320 million yuan ($51.5 million) into its new bottling plant in Xiangjiang New Area. The State-level new area, a special economic development zone supported by favorable central government policies, is the first for the region that includes Henan, Hubei and Hunan provinces. Construction on the new plant will begin in August and be put into operation at the end of next year. 
 
    Xiangjiang New Area, which opened its doors to businesses on May 24, sits on the west bank of the Xiangjiang River, the biggest in Hunan province that is also a tributary of the Yangtze River. It occupies 490 square kilometers, covering Yuelu and Wangcheng districts as well as parts of Ningxiang county in the provincial capital Changsha.  



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