Mexico City ( September 29, 2000) - Coca-Cola FEMSA, S.A. de C.V. (NYSE: KOF) (“KOF” or the “Company”), one of ten global Coca-Cola anchor bottlers and the largest Coca-Cola bottler in Mexico and Argentina, announced today the closing of the Tapachula Bottling Plant located in the Company’s Southeast Mexico Territory.
In September 2000, Coca-Cola FEMSA ceased production in the Tapachula bottling facility in Tapachula, Mexico. The Tapachula plant housed two bottling lines producing returnable plastic (“Ref. PET”) and glass returnable presentations. At 30 June 2000, the plant had an annual installed capacity of approximately 20.0 million unit cases and was operating at approximately 36% capacity utilization. Through improved asset utilization, the Company believes that this capacity can be absorbed by the remaining four plants in the Southeast Territory.