COLUMBIA: Coca-Cola FEMSA to build Colombia facility - report
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.
Heineken can largely thank Africa for the surprise rise in sales in the third quarter of its fiscal year, with the much-vaunted FEMSA Cerveza business in Mexico a late developer....
Heineken has said that it is on track to meeting full-year profits guidance, despite seeing net sales come under pressure from currency in its fiscal third quarter....
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