(NaturalNews) The Coca-Cola Company has announced the launch of
a new project designed to devise ingredients for beverages from traditional
Chinese medicines. Coca-Cola has established a permanent research center in
Beijing, at the China Academy of Chinese Medical Sciences. Researchers from the
company will work together with staff from the academy to analyze traditional
Chinese medicines for potential nutritional benefits, then to figure out ways to
incorporate these ingredients into beverage formulas.
The move comes as
sales of carbonated beverages continue to decline in the United States and
Europe as consumers seek healthier alternatives. According to Coca-Cola
Enterprises (CCE), the Coca-Cola Company's primary North American and Western
European bottler, CCE sales volume has decreased by 4 percent in North America
and continues to face "great challenges" in the United Kingdom. Earnings per
share fell nearly 10 percent in 2007.
Overall global revenues, however,
increased by 5 percent in the first fiscal quarter. CCE attributed the rise to
the strong sales of water, juice and sports drinks in North America and the sale
of sugar-free Coke Zero in France and the Netherlands.
Researching
Chinese medicine is not Coca-Cola's only tactic for averting falling profits and
remaining the largest beverage company in the world. The company has also
entered a tentative agreement with coffee company Illy to team up in the sale of
ready-to-drink coffee products. The companies hope to have reached a formal
agreement by the end of 2007.
"This partnership demonstrates our
commitment to meeting evolving consumer demands while creating additional value
for our system, our customers and our shareowners," said Coca-Cola Chief
Operating Officer Muhtar Kent.
In the United Kingdom, Coke is trying new
marketing strategies that include renaming sodas as "carbonated beverages." Thus
far, these efforts have seen no apparent return.
"You can call it what
you want," countered consumer health advocate Mike Adams, "but it's still sugar
water." Adams is the author of The Five Soft Drink Monsters, a book that helps
people overcome addiction to soda pop.
Hangzhou Jiaoyu Science and Technology Co.LTD.
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