BRAZIL: Coca-Cola FEMSA to expand Brazil facility
Coca-Cola FEMSA will invest US$29.8m in the Sao Paulo facility
Coca-Cola FEMSA is to invest US$29.8m in the addition of a PET packaging line at one of its bottling plants in Brazil.
The new line, to be installed in the company's Jundiai, Sao Paulo facility, will produce up to 72,000 bottles per hour. It is expected to increase production volume at the plant by around 12%, the company said yesterday (28 September).
"With this new line of PET bottles to produce 25, 40 and 60cl, we will expand our ability to meet the demand for this type of container," said Coca-Cola FEMSA's director of supply chain, Carlos Gonzalez.
The expansion will result in the creation of 31 jobs.
Last week, Coca-Cola FEMSA announced the acquisition of fellow Mexico-based Coca-Cola bottler Grupo CIMSA in a deal worth MXN11bn (US$834m).
Ratings agency Moody's has doubts about Coca-Cola FEMSA's ability to integrate a bottling business in Asia, after it emerged a deal in the Philippines is on the cards....
Coca-Cola FEMSA has entered negotiations to purchase a controlling stake in The Coca-Cola Co's Philippines unit....
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