Femsa Investment Plan Focused On Soft Drinks And Oxxo But BMI Sees Scope For Dairy Acquisitions

Mexico-based Femsa has outlined its investment plans for 2011, with the firm saying it will spend US$900mn to expand and increase capacity. In an interview with Reuters, director of finance Javier Astaburuaga said that the firm would invest US$600mn to increase the capacity of its soft drink subsidiary Coca-Cola FEMSA, including the construction of two soft drink plants in Brazil. It will also spend US$250mn to expand it convenience store chain Oxxo and another US$50mn to improve its packaging and logistics systems. The significant investment comes shortly after Femsa announced it was to move sideways into the dairy sector and

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