MEXICO: The Coca-Cola Co to spend US$1bn in 2012
The Coca-Cola Co sticks to Mexico funding plan
The Coca-Cola Co will invest US$1bn in Mexico in 2012, as part of the soft drinks firm's five-year spending plan for the country.
Mexico's president, Felipe Calderón, announced Coca-Cola's investment plan for 2012 after meeting with the company's global CEO, Muhtar Kent, at the weekend. In 2009, Coca-Cola committed itself to spending $5bn in Mexico within five years.
This year, the $1bn spend will likely increase Coca-Cola's direct workforce in Mexico by around 10%, to 100,000, said Calderón. He met with Kent on the sidelines of the World Economic Forum annual meeting in Switzlerland.
The president used the Coca-Cola investment plan as evidence of Mexico's improved business environment. Mexico is home to Coca-Cola's largest drinks bottler worldwide, Coca-Cola FEMSA.
Nichols' "commendable" first-half performance is set to continue into H2 as the firm makes more breakthroughs in overseas markets, an analyst has forecast. ...
An analyst has raised concern over Coca-Cola FEMSA's Q2 results, branding them "weak" and highlighting that operating expenses grew much faster than sales. ...
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