Panamco Colombia, the largest bottler of Coke in the country, has said that it will stop production in 11 of its 17 plants in order to gain efficiencies to combat a sluggish market.

The plants themselves will not close, however, and will carry on operating for non-production, commercial purposes.

The cost saving drive will also see 300 jobs go out of a total workforce of 9,000 through a programme of voluntary retirement.

Juan Carlos Dominguez, Panamco's head of legal and public affairs was reported today as saying: "The market has been sluggish over the past few years."

However, it remains unclear how the production stoppages will affect the overall output of the company.