COLOMBIA: Coca-Cola FEMSA to build US$200m plant
By Ivan Castano | 31 August 2011
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Coca-Cola FEMSA pours US$200m into Colombia |
Coca-Cola FEMSA is to increase investment in Colombia to take advantage of the country's fast-growing economy.
A spokesperson for the bottler told just-drinks that the group will spend US$200m to build a soft drinks factory in Cundinamarca, to meet growing demand for Coca-Cola drinks in the country.
The new factory will have an annual capacity of 160m cases and will make "all kinds of non-alcoholic drinks", the spokesperson said today (31 August). Construction will take two years and the plant, which will be one of the largest in Latin America, will employ 1,000 workers.
Since Coca-Cola FEMSA acquired its Colombian subsidiary, IG, in 2003, it has invested $100m to expand soft drinks in the country. Last week, the group announced a new business structure.
Sectors: Emerging markets – BRIC, Soft drinks, Water
Companies: FEMSA
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