MEXICO CITY, April 27 Mexican Coke bottler Arca
Continental plans to ramp up its capital expenditures by
43 percent, to 10 billion pesos ($525.6 million), this year as
it starts a new U.S. venture, the company said Thursday.
Arca announced a deal earlier this year to act as Coca-Cola
Co's sole franchise bottler in the Southwest United
Arca said in a statement that 40 percent of its 2017
investments will go to its operations in Mexico, 25 percent to
the new U.S. unit and 25 percent to its businesses in South
The funds will aim to strengthen operations, modernize
plants and improve customer service, Arca said.
Arca added that it would likely surpass its goal of earning
100 billion pesos in sales this year, even without the U.S.
(Reporting by Mitra Taj; Editing by Leslie Adler)