LATIN AMERICA: Panamco posts third quarter loss

By just-drinks.com editorial team | 30 October 2002

Panamerican Beverages (Panamco), the largest soft drinks bottler in Latin America, posted an $84.7m loss for the third quarter as it took $82.7m in exceptional charges. The company has written down assets and cut jobs in response to deteriorating economic conditions in the region, notably in Venezuela.

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Panamerican Beverages (Panamco), the largest soft drinks bottler in Latin America, posted an $84.7m loss for the third quarter as it took $82.7m in exceptional charges. The company has written down assets and cut jobs in response to deteriorating economic conditions in the region, notably in Venezuela.

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