Saturday, May 21, 2016

Coca Cola warned possible disruption of its plants – ElTiempo.com

The Coca-Cola FEMSA Mexican warned Saturday that its plants in Venezuela could disrupt production portfolio of beverages with sugar due to the stoppage of operations of domestic sugar mills that provide refined sugar and lacking, in turn, of raw materials.

in a statement, the company said that its four bottling plants continue to produce “until the inventory industrial refined sugar existence is exhausted”.

“If not will recover this inventory as soon as possible, temporary interruptions in the production portfolio of sugary drinks will be generated, “he said.

Although 90 percent of Coca-Cola FEMSA require sugar, the company, which employs more than 7,000 workers in Venezuela, does not foresee the closure in the country.

“we would not have let the country,” they stressed while noting that “we are advancing specific actions that allow us address this situation in coordination with suppliers, authorities and our workers. “
The Mexican company is present in nine countries, including eight Latin American countries (Argentina, Brazil, Colombia, Costa Rica, Guatemala, Mexico, Panama and Venezuela) a region that continues to grow, and in 2013 came to the Philippines looking to expand into the Asian market.

in Venezuela operates for more than a decade after 2003 Coca Cola Femsa, the beverage unit , buy Panamco (Panamerican Beverages, Inc.), a transaction considered among the largest made by a Mexican company in international markets, according to historical records.

Venezuela for years has been facing a severe food shortage and medicines that employers have been attributed to the lack of raw material that sometimes must be imported after complicated procedures for applying currency the State, since 2003, manages the foreign exchange monopoly.

EFE

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