Until 2015: Embonor is going to invest USD$ 105 millions

After a shareholders' meeting, Coca Cola Embonor's general manager, Cristian Holdberg, inform that the company will invest USD$105 millions during 2013 to increase it's production capacity and to strenght the bottling structure and market presence of the company.

Embonor,  Chile's second-largest Coca-Cola bottler,  aims to invest $300 million in plant upgrades in the next two years, according to a statement published in it's own website.

Andrés Vicuña, president of Embonor, said "in the last seven years, the company has achieved sustained growth rates in volume of approximately 9% per annum, which implies that the scale of the company has doubled between 2005 and 2012, creating greater value for our shareholders. For this reason, we require to increase our capacity with modern technology".

Last year, the company obtained a profit of CLP $ 37,808 millions and an EBIDTA of CLP $ 67,707 millions, which represents a 16.9 percent increase. In the same period, Embonor invested USD $99 millions, including the purchase of a 50 percent share in Envases CMF. 

Regarding the current year, the statement precises that sales volumenes in the first quarter of 2013 increased 6% compared with the period ended on march, 2012.  Finally, the company will pay a dividend of CLP $ 28,455 to it's shareholders in accordance to last year's results.

Coca Cola Embonor S.A.  is a bottler of soft drinks (sparkling soft drinks, water and juices) licensed by the Coca-Cola Company in Chile and Bolivia. Leader in the markets where it operates, in Chile the company serves over 60,000 customers reaching 7.3 million consumers in their franchise territories and representing 36% of sales of Coca-Cola products in the  country. In Bolivia the Company serves 87,000 customers reaching 10.3 million consumers.