Coke investing $1 billion in Mexico

By Stephen Downer
Correspondent

Published: January 30, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers, Sustainability, Packaging, Blow Molding, Recycling

MEXICO CITY (Jan. 30, 3:40 p.m. ET) — Coca-Cola Co. will invest in excess of $1 billion in Mexico in 2012, CEO Muhtar Kent said at the World Economic Forum in Davos, Switzerland, on Jan. 28.

“It is part of our long-term commitment to Mexico which totals more than $5 billion over five years,” Kent said in a speech made in the presence of Mexico’s President Felipe Calderón.

Coke committed the $5 billion to Mexico in 2009, a company spokesman in Atlanta told Plastics News by telephone Jan. 30. Asked what percentage will be invested in plastic manufacturing, if at all, he said the figure includes manufacturing, marketing and distribution.

According to a Coke spokeswoman in Mexico City, Coke and its partners operate 10 bottling plants in Mexico, including one Jugos del Valle facility. Jugos del Valle is a Mexican juice brand that Coke bought in 2009.

The spokeswoman said 50 percent of the PET used in bottles distributed by Coke in Mexico is recycled material. The Atlanta-headquartered drinks company has a stake in two bottle-to-bottle PET recycling plants in Mexico, Petstar SA de CV and Industria Mexicana de Reciclaje (IMER), she added.

Both are in Toluca, 40 miles west of Mexico City, and together can recycle up to 121.2 million pounds of PET per year, the Coke spokeswoman said. According to its Web site, Petstar is the largest PET recycling plant in Latin America.

In a speech at the same event, Calderón said Mexico has received more than $106 billion in direct foreign investment in the past five years.

Coke’s major partner in Mexico is Fomento Económico Mexicano SAB de CV (FEMSA), of Monterrey, which claims to be the largest bottler of Coca-Cola products in the world.


Comments

Coke investing $1 billion in Mexico

By Stephen Downer
Correspondent

Published: January 30, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Best Places To Work: No. 6, Colors For Plastics

March 4, 2015 12:35 pm ET

Colors For Plastics, which now employs 115 people, started with one man who handled everything.    More

Image

Best Places To Work: No. 7, CMD Corp.

March 4, 2015 12:27 pm ET

There's a lot of innovating going on at the No. 7 company on Plastics News' Best Places to Work ranking.    More

Image

Shepherd named Thermoformer of the Year

March 4, 2015 11:32 am ET

Barry Shepherd, of Shepherd Thermoforming and Packaging Inc., is the newest Thermoformer of the Year.    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Obituary: Guido Ghisolfi, PET company executive

March 4, 2015 9:47 am ET

Guido Ghisolfi — a top executive with global PET resin leader Mossi & Ghisolfi Group — has died from an apparent suicide.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events