Coca-Cola Amatil (ASX: CCL) has flagged a further ramp-up in capital expenditure next year when increased spending in Indonesia and on equipment, will drive investment beyond this year's record levels.
The company’s CFO told a conference yesterday that capital expenditure was expected to make up to 8 - 8.5% of total sales revenue for 2010.
That amount is above expectations of 7.5% and is due to a spending program sparked by the Asahi Breweries acquisition of Schweppes.
The company’s strategy is to focus on investing in drink coolers, vending machines, development and extra production and distribution in Australia. Coca-Cola Amatil’s net profits have been increasing since 2006 and last year came in at $385 million.
