July 1, 2015
Nine months after the disappearance of 43 students in the town of Iguala in southwestern Mexico, Coca-Cola KO -0.43% has decided to shutter its facility in the nearby municipality of Arcelia, due to ongoing security problems. As I explained in a recent article for Fusion, “Citing concerns for the safety of its employees, Coca-Cola has decided to permanently shutter a storage facility in Arcelia, Guerrero, laying off 120 workers and eliminating one of the few sources of formal-sector jobs in the area.” Guerrero, the state where Iguala is located, presents a unique security challenge for multi-national companies due to high levels of poverty, low levels of development, and the presence of a noxious mix of organized crime groups, armed citizens militias, and militant student organizations.
August 26, 2014
08/25/14 The Wall Street Journal
Coca-Cola Co. is introducing a mid-calorie cola here in its second-biggest market by sales volume and a country that’s struggling to shed the pounds.
Mexicans drink more Coca-Cola products per capita than consumers in any other country, so the company’s introduction of Coca-Cola Life, sweetened in part by the stevia plant, may be of some importance in a country battling obesity and a rise in diabetes and related health problems.
August 14, 2014
08/12/14 By Nathaniel Parish Flannery. Forbes
On July 30 Coca-Cola FEMSA, Latin America’s largest coke bottler shuttered a facility in the Pacific Mexican state of Guerrero, which is home to Acapulco, a city that recorded the country’s highest murder rate in 2013. On August 4 assailants stopped and burned four Coca-Cola trucks on roads near the town of Arcelia.
In 2013 Guerrero’s problems with crime attracted global attention after a group of citizen police patrols including one composed of all women emerged to enforce local law and order in different towns in the state. Overall, Guerrero is one of Mexico’s most problematic states in terms of violence and security. When I visited Acapulco last summer, it was then the most violent city in Mexico.
July 23, 2014
Mexican Coke bottler Coca-Cola Femsa said on Wednesday its second-quarter profit fell 4.6 percent in spite of higher sales as it faced restructuring charges and paid more interest on debt it took on to acquire businesses in Brazil.
Femsa reported a second-quarter profit of 2.68 billion pesos ($206 million), compared to a profit of 2.81 billion pesos in the year-earlier period.
July 17, 2014
07/17/14 Financial Times
Investment in Mexico: it’s the real thing. Coca-Cola’s announcement that it will pour $1bn into the country every year until 2020 is just the latest in a string of recent big-ticket spends in a country where manufacturing is leading the country out of an untimely economic slump.
The US beverage maker, whose operations in Mexico include eight bottling groups in Mexico, juices and dairy as well as sodas and water, said it would invest more than $8.4bn from 2014-2020, bringing the total invested in Mexico during the decade to $12.4bn.
November 4, 2013
Mexico’s new soft drink tax could push the nation’s Coca-Cola makers away from the cane sugar that’s made “Mexicoke” a cult hit in the US.
Executives from the second-largest bottler of Coca-Cola in Latin America suggested that a shift away from cane sugar might be in the cards as a result of the steep sales tax on soda Mexico’s congress approved on Thursday (Oct. 31). American Coke enthusiasts claim the Mexican version tastes better than what they get in the US, which some say is because Mexican Coca-Cola is made with cane sugar rather than high-fructose corn syrup.
November 4, 2013
The New York Times, 11/3/1013
By David Toscano
For most Mexicans, money is something you need, not something you cherish for its own sake. That’s why the new taxes on sodas and junk food were mostly contested by the business community. The average Mexican just shrugged.