MEXICO: Femsa raises investment figure
Mexican group Fomento Economico Mexicano (FEMSA) has raised its 2007 investment figure from US$890m to MXN11.26bn ($1.045bn).
Femsa said today (29 June), in an annual report sent to the US Securities and Exchange Commission, that it would invest the money in opening new stores and expanding its production capacity.
In April, the Mexican company, which operates as a brewer and a Coca-Cola bottler in Latin America, said first quarter consolidated total revenues for the quarter were up by 8.7% year-on-year, to MXN31.57bn (US$2.89bn) with all operating units contributing to the rise. Net profit for the quarter, however, was down by 12% at MXN1.05bn. The slip was blamed on higher prices for aluminum and increased marketing costs in Brazil.
Microsoft Corporation boss Bill Gates has taken a stake in Fomento Economico Mexicano (FEMSA), according to a US Securities and Exchange Commission filing....
Fomento Economico Mexicano (FEMSA) has announced the placement of two tranches of Mexican Peso-denominated bonds in the Mexican capital markets....
Fomento Economico Mexicano (FEMSA) has said it expects its domestic beer volumes to expand more than economic growth forecasts have predicted for next year, according to reports....
Coca-Cola FEMSA and The Coca-Cola Co. have successfully completed the acquisition of Mexico-based juice company Jugos del Valle....
Fomento Economico Mexicano (FEMSA) has announced plans to invest in the construction of two plants in Mexico....
Brewing and soft drinks group Fomento Economico Mexicano (FEMSA) has posted a 7.2% rise in consolidated total revenues for the third quarter to MXN36.73bn (US$3.4bn), but revenue growth at its brewing...
Coca-Cola FEMSA has posted a healthy set of third-quarter results with its domestic market providing operating income growth for the first quarter in over a year....
Coca Cola FEMSA and the Coca-Cola Co. have launched a tender public offering to buy 100% of the shares of the juice company Jugos del Valle....
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