Atlanta-based Coca-Cola Co. plans to invest $1 billion in the Philippines over the next five years for production, distribution and development of new products.  

Coke is building a new bottling facility in the Philippines, set to open next year, which will be one of the largest in the region. It currently has 23 plants and 7,800 employees there and had double-digit growth in the first half of 2010.

The company has recently expanded its product offerings in the Philippines, including the “Samurai” energy drink and a tea called “Real Leaf.”