Ecuadorian dairy company Tonicorp has unveiled a new $100 million plant, with the inauguration chaired by president of Ecuador Lenín Moreno.
The plant will allow Tonicorp to double its production capacity, reaching up to 150 million litres of dairy products per year.
Directors from Arca Continental and The Coca-Cola Company, which have jointly operated Tonicorp since 2014, were at the ceremony alongside state ministers, ambassadors and players from Ecuador’s dairy industry.
Arca Continental CEO Francisco Garza Egloff said: “Consistent with our long-term vision for our businesses, we continue strengthening our investment strategy in the region’s high value-added dairy segment, solidifying our production capacity under the strictest quality, efficiency and sustainability standards.
“The strengthening of this business reinforces Arca Continental’s commitment to Ecuador, as well as our constant effort to better serve our customers and consumers to collaborate in the integral development of the community.”
The plant was opened by Ecuador’s new president, Lenín Moreno. © Agencia de Noticias Andes/Flickr
Tonicorp’s portfolio includes yogurt, milk, gelatin and ice cream. Its products are exported to the US, the Caribbean, Puerto Rico, Panama, Peru, Colombia, Bolivia, Chile, Spain and the United Arab Emirates.
Coca-Cola Company general manager for the Andean region Louis Balat said: “In 2014 we announced, together with our bottling partner Arca Continental, our investment commitments for the country.
“Today, it is with great pride that we inaugurate the Tonicorp plant as one of the most important projects for the company and a contributor to the economic development of the country.
“The new plant will enable us to continue innovating, not only our portfolio but new market segments as well, as a total beverage company.”
With the opening of the plant, Tonicorp said it aims to drive innovation in the Ecuadorian dairy industry while supporting local communities.
© FoodBev Media Ltd 2020