ATLANTA — The Coca-Cola Co. said it plans to invest more than $8.2 billion in Mexico during 2014-20, which, combined with earlier investments, would bring the company’s total spending in Mexico during 2010-20 to more than $12.4 billion.
With the announcement, the Coca-Cola System in Mexico will be able to continue its efforts to promote integral wellbeing of the population; increase its infrastructure and production capacity; create more jobs; innovate and continue to develop its portfolio, which includes 70 brands and more than 500 products. The investment also will be used to implement and develop new technologies; increase the recycling capacity of the company’s plants, IMER and PetStar; continue development of sustainable packages; and support sustainability and environmental programs.
Francisco Crespo, president of Coca-Cola Mexico, made the announcement on July 16 during the inauguration ceremony of the second phase of the food-grade PET recycling plant PetStar, which is part of the Coca-Cola System and has become the largest bottle-to-bottle recycling plant in the world by doubling its capacity and being able to process 65,000 tons of PET bottles per year.
“Coca-Cola has a long-term business plan and vision, based on our permanent investment commitment,” Mr. Crespo said. “We, as a system, have been investing an average of $1 billion every year, for the past 10 years, and we are reaffirming this commitment until 2020. This investment is our way of promoting economic growth and the sustainable development of the country, while we continue to support the creation of strategies to promote integral wellbeing of the population.”Coca-Cola began operations in Mexico 88 years ago.