McDonald's ready to expand.

November 13, 2009 3:28:10 AM PST
The burger chain will open 1,000 new restaurants in 2010.

McDonald's plans to open 1,000 new restaurants next year and renovate 2,300 existing locations.

At a meeting of company investors on Thursday, the fast-food giant said it would focus on opening new restaurants primarily in the U.S., Germany, France, Russia, China and Australia.

Specifically, McDonald's plans for 150 new U.S. locaions plus: 260 in Europe; 490 across Asia, the Middle East, Africa and Australia; 80 in Latin America; and 20 in Canada.

"Today's market conditions have accentuated our strengths," said McDonald's CEO Jim Skinner.

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