Coca-Cola to invest US$33.5 million in Acapulco

ACAPULCO, GRO - Coca-Cola Femsa (KOF) will invest US$33.5 million to rehabilitate its operating units affected by Hurricane Otis in Acapulco, as well as to support the economic reactivation of Guerrero.

According to the company, these resources will be used for its production plant and distribution centers, humanitarian aid, reactivation of small businesses, as well as to maintain its position as a source of employment for more than 1,500 employees in the area.

KOF's CEO, Ian Craig, assured that their priority is the people and the communities where they operate, which is why they will join forces with the authorities to work on the economic reactivation of Acapulco.

"We will invest in the rehabilitation of the infrastructure of our facilities, while continuing to support our collaborators and our communities that suffered losses due to Hurricane Otis," said Craig.

Femsa's Director of Corporate Affairs, Roberto Campa, emphasized that for the company it is a priority to generate adequate social, environmental and economic conditions in the communities in which it operates.

"The magnitude of Otis has required a coordinated work between business, government and society (…) We undertook, from the first hours after the catastrophe, actions to contribute to the attention and recovery of the port," added Campa.

Coca-Cola Femsa detailed that since the beginning of the emergency, the company moved two water treatment trucks to Acapulco, with which it has donated more than 204,000 liters of water; it has also delivered 275,000 bottles of water and other beverages, and is in the process of distributing another 46,000.