MEXICO: Arca Continental lines up fresh investment
Arca announced a sales jump
Arca Continental, Latin America's second-largest Coca-Cola bottler after Coca-Cola FEMSA, is to invest MXN4bn (US$325.3m) in its business over the next year.
The company said last week the investment will focus on consolidating its market positions in Mexico, Argentina and Ecuador. Arca chairman Manuel Barragan Morales said: “The excellent performance of our operations in 2012 adds to various years of solid results and constant growth, which establish the foundation for new and more significant goals for Arca.”
The company also said audited results for last year will show a 12.4% net sales boost over 2011. Sales volumes increased by 3.3% to 1.35m unit cases, while consolidated EBITDA rose 23.6% to MXN11.3bn.
Last week an analyst said Arca was one possible Coca-Cola bottler that could take advantage of Coca-Cola's restructuring of its distribution network to enter the US market.
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