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

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

China's Shide Group, BASF unveil 'revolutionary' all-plastic window profile

April 23, 2014 9:10 pm ET

SHANGHAI — The PVC window profile market in Asia is expected to increase four-fold by 2025, and Chinese building products maker Dalian Shide...    More

Worker dies in fall at Formosa Texas plant

April 23, 2014 4:04 pm ET

A subcontractor died April 22 after falling 25 feet during routine cleaning operations at a Formosa Plastics Corp. USA facility in Point Comfort,...    More

Image

Milliken expanding SC plant for additional PP clarifying agent capacity

April 23, 2014 3:42 pm ET

American chemical company Milliken & Co. has announced plans for a major expansion in capacity for its Millad NX8000 clarifying agent for...    More

Image

CPM Extrusion, ECON launch new line of underwater pelletizers

April 23, 2014 11:25 am ET

CPM Extrusion Group and ECON GmbH unveiled their brand new EUPC line of underwater pelletizers today at ChinaPlas held in Shanghai, China.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events