Coca-Cola Femsa to construct bottling plant in Colombia

29 August 2013 (Last Updated August 29th, 2013 18:30)

Mexican Coca-Cola bottler Coca-Cola Femsa is ready to construct a $200m bottling plant in Tocancipa, central Colombia.

Coca Cola plant

Mexican Coca-Cola bottler Coca-Cola Femsa is prepared to construct a $200m bottling plant in Tocancipa, central Colombia.

The new plant in Parque Industrial Femsa is expected to be operational in late 2014, and will house new design and technology.

According to the company, the bottling plant will have the highest sustainability standards and will be considered green.

Femsa CEO Jose Antonio Fernandez said: "In starting construction of the plant, we are reiterating our commitment to participating in the development of the country, we ratify the links of reciprocity that allow us to promote new investments that create economic, social and environmental value for Colombians."

The plant is said to create 150 new direct jobs as well as other indirect jobs.

At present, Coca-Cola Femsa, which is a unit of Fomento Economico Mexicano, has bottling plants in Bogota, Medellin, Bucaramanga, Barranquilla, Cali and La Calera.

"The transaction will enable Coca-Cola FEMSA to accelerate its participation in Leao Alimentos."

On 22 August, the company closed the 100% acquisition of Companhia Fluminense de Refrigerantes.

The transaction will enable Coca-Cola FEMSA to accelerate its participation in Leao Alimentos, the non-carbonated beverage player in the country to 21.8%, up from the present 19.7%.

The company has 63 bottling facilities and serves more than 321 million consumers through more than 2.7 million retailers.

FEMSA owns a 20% stake in Dutch brewer Heineken Group.


Image: Houston Coca-Cola Bottling Company. Photo: courtesy of WhisperToMe.