Coke Femsa says Venezuelan plants operating on low sugar stocks
MONTERREY May 20 (Reuters) - Coca-Cola Femsa, Latin America's biggest Coke bottler, said on Friday its Venezuelan plants are operating with low sugar stocks, which could cause temporary interruptions in future production of sugar-based drinks.
Coke Femsa, which operates across Latin America including four plants in Venezuela, said its sugar suppliers in the South American country have temporarily halted operations due to a shortage.
"We are speeding up specific actions that allow us to face this situation in coordination with our suppliers, the authorities and our employees," the company said in a statement.
The company said the Venezuelan plants are currently forced to draw down existing sugar supplies.
Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation. (Reporting by Gabriela Lopez; Editing by Leslie Adler)
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