Femsa's Revenue Up 64% in C.A.
Coca-Cola Femsa's revenue in the region for the first half of the year was 64% more than the same period of 2008.
Monday, August 3, 2009
Coca-Cola's regional subsidiary is called "Latincentro", and comprises Colombia, Venezuela, Guatemala, Nicaragua, Costa Rica and Panamá. The 64% increase in revenue experienced by this division is due to higher unitary prices and a 10% increase in sales volume.
With an investment of $5 million in a new plant, the manufacturer and bottler of Big Cola soft drinks, plans to increase its market share.
The penalty imposed by the Commission to Promote Competition in Costa Rica has been upheld after the First Chamber of the Supreme Court declared the last appeal filed by the company irrelevant.
Besides selling the beer brands Suprema and Regia Extra, the group Industrias La Constancia is preparing to also sell this year the business of distributing Coca Cola brand drinks.
The Mexican group Coca-Cola Femsa has signed a preliminary agreement to acquire all the shares of Grupo Industrias Lácteas.
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