Coca-Cola to Build Plastics Recycling Plant in Mexico

The Coca-Cola Company, together with its largest bottler in Mexico, Femsa, and its top supplier of plastic bottles, Alpla, plan to build a recycling plant at a cost of slightly more than $20 million.

The plant, which will use state-of-the-art URCC recycling technology developed in the United States, will be the first of its kind in Latin America and the fourth in the world.

Construction is set to begin in early September in Toluca, capital of Mexico state, about 37 miles west of Mexico City.

The plant, which will cover an area of 24,000 square meters, should be up and running by the fourth quarter of next year.

Jose Octavio Reyes, Coca-Cola chief in Latin America, said the project was a clear example of the company's commitment to environmental protection.

"Initiatives such as this are the result of a clear awareness that, in order to continue to operate here for many years, we must ensure the sustainable development of our business. We're convinced that only companies sharing this philosophy will be successful in the future," Reyes said.