Coca-Cola FEMSA will build the plant in the northern area of Bogota

Coca-Cola FEMSA will build the plant in the northern area of Bogota

Coca-Cola FEMSA is to build a US$160m bottling facility in Colombia, according to reports.

The Latin American Coca-Cola bottler will build the plant in the northern area of Bogota, Bloomberg reported today (9 May). Operations are expected to begin in three to five years.

Coca-Cola FEMSA could not be reached for comment at the time of going to press.

Late last week, the company confirmed that it plans to build a $146m soft drinks plant in the Brazilian province of Minas Gerais.

During a conference call last month, CFO Hector Trevino told analysts that the company hopes the investment in both facilities will boost its original capital expenditure plan by $60m to $620m this year, Bloomberg noted.