The investment, which will be made from 2014 to 2020, will boost Coke's infrastructure and production capacity in Mexico, create more jobs and drive innovation to continue expanding our beverage portfolio. This investment also will help develop new environmentally sustainable technologies and expand various social and community projects, with a special focus on promoting physical activity and well-being. It will bring the Coca-Cola system's total investment this decade to more than $12.4 billion.
Francisco Crespo, president of
“Coca-Cola has a long-term business plan and vision, based on our permanent investment commitment,” Crespo said. “We, as a system, have been investing an average of US$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 the integral well-being of the population."
Coca-Cola, which has operated in Mexico for 88 years, is one of the country's largest employers, generating more than 90,000 direct jobs and 800,000 indirect jobs.
Mexican President Enrique Peña Nieto helped
"This investment demonstrates that we are going in the right direction, we are generating the interest of investors and developing trust," Nieto said. "And that, undoubtedly, will be reflected in job creation and conditions of greater well-being for all Mexicans."
“This important project is part of
PetStar generates 1,100 direct jobs and 24,000 indirect jobs in Mexico. Francisco Garza Egloff, general director, Arca Continental, said the facility affirms
“Sustainability is part of our long-term business strategy because we want to leave a positive footprint in communities, as well as actively participate in the integral development of society. Apart from making an important environmental, social and economic impact, PetStar incorporates a cultural and educational project, since we are trying to become agents of change for present and future generations,” he said.
PetStar will offer guided tours to promote environmental education, recycling and shared responsibility between society, authorities and enterprises. This space is environmentally friendly, has its own water harvesting and treatment systems, solar panels, green roof among other elements, and is in the process of obtaining LEED certification as a sustainable building.
For more than four decades, the
More on Journey
- 'It's Not Just a Scholarship'
Coca-Colato Triple Orange Juice Purchases in Argentina Over Next 10 Years
- Coke’s Chief People Officer Shared These 10 Career Tips on International Women’s Day
- 5 Highlights From Coke's Q1 2016 Earnings Call
- How PureCircle is Investing in Growing Stevia – and Farmer Incomes – Sustainably