Coca-Cola plans a $10B US infrastructure investment from 2026 through 2030. The spending will cover the broader Coca-Cola system, not just the company’s own capital budget.
Coca-Cola will fund only part of that spending itself. Its asset-light model keeps the company focused on brands, while bottling partners pay for much of the local manufacturing, delivery, and equipment network.
Chief Financial Officer John Murphy said most of the planned investment will come from bottlers expanding manufacturing, distribution, sales, and delivery operations across the US.
Bottlers carry much of the investment load
New or expanded facilities are planned in Rancho Cucamonga, Colorado Springs, Indianapolis, and Birmingham. Coopersville, St. Cloud, Orlando, and Webster are also on the list.
Projects that increase production capacity can create jobs, while equipment upgrades may require little additional hiring. Murphy described the broader plan as an investment in future growth rather than a response to reshoring pressure.
He also said the Coca-Cola system keeps 98 cents of every beverage dollar inside the US economy.
“It’s a market with boundless growth potential ahead.” — John Murphy, The Coca-Cola Company
Coca-Cola still owns capital-intensive businesses such as Fairlife, so part of the spending will appear directly on its books. The company expects about $2.2B in capital expenditures for fiscal 2026, separate from the much larger system-wide investment.
For shareholders, the appeal lies in the cost structure. Coca-Cola can expand production and distribution across the country while its bottling partners absorb much of the infrastructure bill.
Coca-Cola is selling its US footprint
Alongside the investment plan, Coca-Cola released a company-commissioned study measuring its reach across the US economy.
The study estimated that the Coca-Cola system contributed $85B to GDP in 2025. It also supported nearly 1M American jobs and directed about $37B in spending to US suppliers.
Much of that footprint runs through Coca-Cola’s local network, which includes 61 bottling partners and more than 70 production facilities. Coca-Cola and its two foundations also contributed $177M to community programs across the country.
The findings cover a larger portion of the business than a similar study from 2023, when fewer bottling partners participated. Murphy said growth at Fairlife and Bodyarmor also helped expand the company’s measured contribution.
One factory opening would barely capture the scale of Coca-Cola’s US operation. Its bottlers fund capacity across the country, giving the parent company room to grow its brands and maintain local ties without carrying the full cost of manufacturing and distribution.