MEXICO: Arca to spend big in 2004
Embotelladoras Arca is to invest around US$60m this year, the Mexican bottler announced yesterday. The funds will be used to expand and modernise its current operations in Mexico.
Earlier this week, the soft drink bottler announced that it had reached agreement to distribute Coca Cola products in four cities in the northern Mexico state of Chihuahua. Around $10m will be spent on a distribution centre in Chihuahua, with 50% of the investment allocated to buy the land and initial construction works.
The new distribution centre will allow Arca to increase its sales in Mexico by between 1% and 1.5% annually.
The bottler also said that it will continue with the savings programme it launched last year. The aim is to reduce expenses by $28.66m annually.
Sectors: Soft drinks
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