Wednesday, August 28, 2013

Colombia: México's Coca-Cola FEMSA to Build US$200 Million Bottling Plant in Tocancipá

According to EFE, México’s Coca-Cola FEMSA, which also owns 20% of Heineken beer group, reports that FEMSA has broken ground on a US$200 million bottling plant in Tocancipá, a city in central Colombia, a short drive from Bogotá.

The new plant will be in operation in late 2014, according to FEMSA CEO José Antonio Fernández, considered the world’s largest independent bottler of Coca-Cola products in terms of sales volume.

The plant “will feature state-of-the-art design and technology, and will be considered green because it will have the highest sustainability standards,” Coca-Cola FEMSA said.

The new bottling plant will create 150 direct jobs and other indirect jobs, FEMSA reported.

COMMENT: FEMSA currently has bottling plants in Bogotá, Medellín, Bucaramanga, Barranquilla, Cali and La Calera.

Coca-Cola FEMSA is a unit of Fomento Economico Mexicano, a conglomerate that also owns FEMSA Comercio, the operator of more than 10,600 OXXO convenience stores, FEMSA Empaques and FEMSA Logistica.

Tocancipá is a municipality and town of Colombia in the department of Cundinamarca. It's population is 68,000.