The Coca-Cola Co inaugurated its 43rd plant in Shijiazhuang, Hebei province, as part of a three-year $4 billion investment plan.

Coca-Cola Chairman and CEO Muhtar Kent on Thursday helped launch the $106 million plant.

"Coca-Cola's investment in China is strategically important in achieving our 2020 Vision goals and is largely possible due to our partnerships with (food-processing giant) COFCO and our other bottling partners," Kent said.