Regarding the use of water in its operations, the executive explained that the company deploys some water efficiency strategies, and as part of this it now only uses about 1.5 liters of water for every liter of soft drink produced, “which is much better than the industry average,” he said.
The statements of the director of the Coca-Cola bottling company are presented after President López Obrador asked the beer and soft drink manufacturers temporarily stop the production of your plants in the entity and transfer the water from its wells for domestic consumption.
Price hike in sight
During the second quarter of the year, the cost of sales increased 18.9%, mainly due to the increase in the prices of raw materials, such as PET, while administrative and selling expenses increased 13.4% to 15,696 million.
The pressure on operating costs caused by the rise in raw materials will remain a challenge towards the second half of the year to protect margins, for which price increases will be evaluated.
The bottler had a first price increase in March and another at the beginning of July, which has allowed it to keep its income safe. Between January and June, the company reported revenue of 99,428 million, 15.2% more compared to the first half of 2021.
“During the second half of the year we can evaluate price increases and also optimize our promotions in the market”, said the manager.
For now, in the midst of the rise in PET, the company advanced in its financial statement that it invested 3,470 million pesos during the second half of 2022 for the acquisition of coolers and returnable containers.