Coca-Cola FEMSA, S.A.B. de C.V. announced that after this week?s floods affecting the southern state of Rio Grande do Sul in Brazil, the Company has suspended operations in its plant of Porto Alegre. The Company is now assessing the timing and investments needed to reopen this facility, as well as alternatives to supply product and receive support from its other operations in Brazil and adjacent territories. Based on current estimates, the Company does not expect to suffer a material financial impact derived from this incident.
Coca-Cola FEMSA, S.A.B. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. The Company's segments include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Company's equity method investment in Coca-Cola FEMSA Philippines, Inc. The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, dairy and isotonic drinks).
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