Last year, bottled water sales in Costa Rica were estimated at $89 million and they are expected to increase up to $106 million in 2023, a behavior explained by the downward trend in the consumption of carbonated beverages.
Although companies such as Florida Ice & Farm Co (Fifco) and Coca Cola Femsa have the opportunity to grow in the Costa Rican market, they will also face competition from new entrants such as Premium Brands.
Embotelladora La Mariposa in Guatemala, Distribuidora La Florida in Costa Rica and Femsa in Panama are three of the companies in Central America that report the highest figures for purchases of all types of beverages.
An analysis of CentralAmericaData's Trade Intelligence unit provides details on the companies according to sector, main activity, volume and value of their imports, exports and other relevant data.
The Mexican company Coca Cola FEMSA has announced an agreement to acquire Comercializadora and Distribuidora Los Volcanes, for $125 million.
According to a statement issued by the Mexican company, the transaction was made through the subsidiary of FEMSA, Compañía de Inversiones Moderna.The company added in a statement that the operation will be on a free cash and debt basis, and has "the objective of raising opportunities to expand its business in Latin America."
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.
The penalty for monopolistic practices, dating back to May 2004 was because the bottler apparently made exclusive contracts with vendors and fixed prices.
Coca Cola FEMSA is planning to harness the potential of Latin America and make an aggressive expansion in the region, by backing dairy products.
Jose Castro, director of investor relations at the company, at an annual meeting with the media, said that after the acquisition of Blue Star Panama in March, the company will build a new plant in Panama and by the end of the year will have defined its business plan for achieving their expansion plans.
Coca-Cola FEMSA and Grupo Tampico and its shareholders, announce the successful merger of Grupo Tampico’s beverage division with Coca-Cola FEMSA.
Mexico City, Mexico – October 11, 2011 – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL; NYSE: KOF) (“Coca-Cola FEMSA” or the “Company”), the largest public bottler of Coca-Cola products in the world in terms of sales volume, and Grupo Tampico S.A. de C.V. (“Grupo Tampico”) and its shareholders, announce the successful merger of Grupo Tampico’s beverage division with Coca-Cola FEMSA.
Investing in and maintaining an in-company workshop is expensive, but when the fleet size is large, the reduction in maintenance and repair costs can justify it.
This is the experience of Coca Cola Femsa in Costa Rica, which is performing preventive and corrective maintenance, and technical reviews of the 450 vehicles in its fleet in its own automotive workshop.
The Mexican Corporation Coca-Cola FEMSA announced it has completed the acquisition of Panama's "Grupo Industrias Lácteas", parent company of "Estrella Azul", "Conservas Panameñas" and "Plásticos Modernos".
This is Coca Cola's first foray into the milk and dairy industry, which is one of the largest and most dynamic segments of the non-alcoholic beverages market in Latin America.
Over the past 12 years, at least 10 of the country's largest industrial companies were acquired by foreign capital.
Rafael E. Berry, in his analysis in Panama America, details how from 2000 to date some of the largest Panamanian industries were acquired by foreign groups, including the National Brewery ($ 260 million), Cervecería Baru Dairy Industries ($ 220 million), and others like the largest manufacturer of bottles and companies from the food sector.
This agreement includes a commitment of exclusivity in negotiations, subject to government approvals, authorizations and a complete corporate legal, financial and operational audit.
The dairy produce company will invest between $60 and $80 million in this project, according to Panama America.
Frank Tedman, head of operations for the company known for its Estrella Azul ("Blue Star") brand, told the newspaper that the factory's design and layout had been finalized and the methods chosen for processing the milk.
Beer imported from the US and Germany compete with with similar prices to those of local brands.
The entrance in effect of CAFTA-RD implied a tariff reduction of 15% to 11%, for U.S. beers. This tariff will be gradually reduced to 0%, at a rate of 1% per year. Currently, most imports come from Mexico and Nicaragua.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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