Showing posts with label coca-cola. Show all posts
Showing posts with label coca-cola. Show all posts

Wednesday, July 30, 2014

Coca-Cola Installing Clean Water In Mexico's Schools


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July 30, 2014
banderasnews.com
Fundacion Coca-Cola will spend $2 million installing drinking fountains that purify tap water at 741 public schools in Mexico - a country where its top-selling products are taxed in an effort to trim waistlines.



















The Mexican charity arm of Coca-Cola is making an effort to provide clean water to schoolchildren in Mexico, announcing plans to donate drinking fountains that purify tap water to 741 public schools.
Fundación Coca-Cola will spend $2 million, and has already installed 42 drinking fountains. "The fountains purify municipal water using sediment filters, activated carbon, and ultraviolet lamps, Fundación Coca-Cola said," according to a report by the soda giant.
Mexican water is notorious for its poor quality.
"Mexicans' mistrust of municipal tap water runs deep and many communities lack access to clean drinking water. This combination has helped make Mexico the Coca-Cola Co.'s second-biggest market in the world by volume of sales, and largest by per-capita sales.Mexico is also a top consumer per-capita of bottled water," the report said.
What is Coke's motivation for showing its charitable side?
The company is "under fire for contributing to obesity," according to the Wall Street Journal. "Some blame the country's soft-drink binge, and the companies that make the soda, for contributing to Mexico's high rates of obesity and diabetes."
Mexico enacted a soft-drink tax earlier this year, and the new law may inspire similar efforts across the across the border in the US.
"A groundbreaking tax on sugar-sweetened beverages recently passed in Mexico could provide the evidence needed to justify similar laws across cities in the US," stated a report by The Guardian in January.
Lawmakers wanted the tax revenue to pay for clean water in schools.
"The money to be raised - estimated at $15 billion pesos - is intended to be earmarked for drinking water in schools. In some communities there are none, while in others it is not potable and bottled soft drinks are safer," The Guardian's report said. 
 
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Monday, July 21, 2014

Coca-Cola to Invest $7 Billion in México

Francisco Crespo, president of Coca-Cola México, said the Coca-Cola Company plans to invest $7 billion in México over the next four years. This investment will increase the company’s total during the 2010-2014 period to $12.7 billion.
The money Coca-Cola will invest will go into production lines, refrigeration equipment, trucks and distribution centers.
Crespo said, “Coca-Cola’s goal is to continue expanding offerings for our customers” He noted “nearly 40 percent” of the company’s 500 brands “have zero calories or are low in calories.”
The Coca-Cola president said the company plans to build an innovation lab for Latin America that will open later this year and place “special emphasis on non-caloric natural sweeteners.”
Crespo made his comments at the inauguration of a PET (Polyethylene terephthalate) recycling plant in Tocula, México. According to the executive the PET recycling plant in Toluca was expanded at a cost of $100 million, boosting employment to 1,200 jobs and benefiting México’s 24,000 recyclers.
The plant is the largest facility of its type in the world, processing 3.1 billion plastic bottles, or some 65,000 tons of polyethylene terephthalate, or PET, annually, Crespo said.
(from Latin American Herald Tribune)