SHANGHAI, Dec. 10 (Xinhua) -- The Coca-Cola Company
has signed on to become the seventh global partner for the 2010 World Expo in
the China's economic hub Shanghai.
No financial details were revealed at the signing
ceremony Monday.
Doug Jackson, president of Coca-Cola China, said the
company was well placed to provide beverages to an estimated 70 million visitors
expected to come to Shanghai for the event.
He predicted more than half of the visitors would buy
Coca-Cola products.
In July, the company started building its planned 80
million U.S. dollars global innovation and technological center in Shanghai. The
company said it would provide support for a new beverage that would be developed
and tailored to the exposition.
China is the fourth largest market worldwide for
Coca-Cola, following the United States, Mexico and Brazil. About 1 billion
bottles of Coca-Cola beverages were sold in China last year, accounting for an
11 percent market share.
Other companies committed as global partners for the
expo included China Eastern Airlines, China Mobile, China Telecom, Bank of
Communications, Shanghai Automotive Industry Corporation (Group), GM China and
Siemens.
Expo official Chen Xianjin said there would be 10 to
12 global partners for the fair themed "Better City, Better Life." The six-month
expo is the first to be held in a developing country.
Expo organizers were seeking to attract about 200
nations and international organizations to take part, ensuring the widest
possible participation in the history of World Expositions.