Coca-Cola Plans $10B U.S. Infrastructure Investment

Coca-Cola’s system retains about 98 cents of every dollar consumers spend on its beverages within the U.S. economy, which CFO John Murphy cited as evidence that the investment plan is focused on growth rather than reshoring production in response to tariffs.

The planned investment includes new or expanded facilities in eight communities, including Rancho Cucamonga, California, and Webster, New York. Murphy said capacity expansions can create jobs, citing hundreds of positions expected at the Webster site, while equipment upgrades may not add as many roles.

Specific projects include Swire Coca-Cola’s planned $475 million manufacturing facility in Colorado Springs, Coca-Cola Consolidated’s $35 million expansion in Indianapolis and Fairlife’s $650 million processing plant in Webster, New York; Fairlife is also expanding in Coopersville, Michigan.

Coca-Cola’s asset-light model means the company primarily invests in brands, while independent bottlers finance and operate much of the plants, trucks and equipment used to manufacture and distribute beverages. Coca-Cola has reduced its ownership stakes in bottling operations in recent years.