CHILE: Chilean Coca-Cola bottlers hit by syrup hike

By just-drinks.com editorial team | 30 November 2007

Coca-Cola Co. is set to raise its prices on syrup concentrate to three of its bottlers in Chile.

In separate filings to the SVS securities regulator yesterday (29 November), Embotelladora Andina, Coca-Cola Embonor and Embotelladoras Coca-Cola Polar all said that concentrate prices are expected to increase early next year.

The lift will only be applicable to sales exceeding those posted this year, so the impact on the bottlers' 2008 results will depend on sales growth, the bottlers said.

Details of the scale of the price rise were not disclosed.

No-one was immediately available for comment at Coca-Cola Co. when contacted by just-drinks today.

Sectors: Soft drinks, Water

Companies: Coca-Cola Co