Mexican soft drinks bottler Arca Continental has revealed plans to invest 5.2bn pesos ($341.9m) in its operations in Mexico and South America.
The funds will be used to automate and modernise a plant in Monterrey, Mexico; expand a production plant for its Bokados snack brand; build new Coca-Cola and Tonicorp factories in Ecuador; and open a new beverage facility in northern Argentina. In all, 60% of the investment will stay in Mexico to enhance the firm’s production capabilities and improve performance at the point of sale, the company said.
The amount invested represents a 30% increase on 2014.
Arca Continental chief executive officer Francisco Garza Egloff said: “We have begun construction of a new Tonicorp plant in Guayaquil that incorporates the most advanced technology and will allow us to speed up our expansion plans in this important and profitable business segment.”
Arca Continental chairman Manuel L. Barragan Morales said: “The major part of the investments will be focused on fortifying our operations, mainly in Mexico, which is our most relevant market, but also to perfect our execution at the point of sale, to broaden our production capabilities in South America, to strengthen our complimentary businesses and look for new value creation opportunities for the company.
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