Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 45

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 4
Chunk 45
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 company named Circular-Pet S.A. The main activity of this company is the manufacturing and commercialization of post-consumer recycled PET resins, coming from the transformation of PET flakes.
In October 2022 PARESA and Cervepar S.A. signed a Logistics and Sales Master Agreement valid for a period of 5 years, and in this context, from September 2023 PARESA began to distribute alcoholic beverages, mainly beers, covering cities in the departments of San Pedro, Caaguazú and Canindeyú, under brands such as Brahma, Budweiser 66, Skol, among others.
Capital Expenditures
The following table sets forth our capital expenditures by country for the 2022-2024 period:

    ​       ​       ​       ​        ​       ​        ​   
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​                                  Year ended December 31,
​           2022           2023             2024          
​           ​                         (in millions of Ch$)
Chile             70,395          107,314           75,830
Brazil            44,611           54,082          115,079
Argentina         37,757           44,729           89,694
Paraguay          20,912           16,495           21,916
Total            173,675          222,620          302,519
​

29

Our total capital expenditures were Ch$173,675 million in 2022, Ch$222,620 million in 2023 and Ch$302,519 million in 2024. The increase in 2024 was mainly due to higher productive investments, primarily in Argentina and Brazil.
In 2024, capital expenditures were principally related to the following:
Argentina

●   Returnable containers (glass and PET bottles) and cases for bottles;
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●   Coolers - Cold Equipment;
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●   Multi Serve Returnable Products Capacity Expansion Project (Mendoza Plant, stage 2024: Completion of civil works and facilities. Implementation of production line);
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●   Seed-based products production project (Monte Cristo Plant - start-up);
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●   Other sustainability projects (water treatment, recycling, effluent treatment);
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●   Investments due to obsolescence; and
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●   Hardware technology upgrade and software development for productivity and management improvement.
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Brazil

●   Beer production facility in Duque de Caxias plant;